• Return to Headlines

Possible Bearish Inside Day Candle Pattern Detected for Energizer Holdin (NYSE:ENR)

By Amy Schwartz

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Energizer Holdin (NYSE:ENR) based on the price action in the company's shares. Yesterday's price range of $46.22 and $46.22 is within the prior day's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of Energizer Holdin may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Energizer Holdings, Inc. manufactures dry cell batteries and flashlights. The Company offers a full line of products, including alkaline, carbon zinc, miniature, and rechargeable batteries, as well as lighting products. Energizer also manufactures and markets a range of razor and shave related products on a global basis.

There is potential upside of 36.2% for shares of Energizer Holdin based on a current price of $46.24 and an average consensus analyst price target of $63.00. The stock should run into initial resistance at its 50-day moving average (MA) of $46.31 and subsequent resistance at its 200-day MA of $55.23.

Energizer Holdin share prices have moved between a 52-week high of $65.57 and a 52-week low of $42.74 and closed yesterday at 8% above that low price at $46.24 per share. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Energizer Holdin and will alert subscribers who have ENR in their portfolio or watchlist when shares have changed trend direction.

Keywords: bearish am inside day candle energizer holdin

Ticker(s): ENR