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Watch for Continued Gains in Shares of Energizer (ENR)

By Amy Schwartz

Energizer (NYSE:ENR) traded at a new 52-week high today of $51.52. Approximately 77,000 shares have changed hands today, as compared to an average 30-day volume of 483,000 shares.

Energizer share prices have moved between a 52-week high of $51.52 and a 52-week low of $28.86 and are now trading 78% above that low price at $51.38 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has risen 0.2%.

Energizer (NYSE:ENR) defies analysts with a current price ($51.38) 18.8% above its average consensus price target of $41.70. Energizer shares have support at the 50-day moving average (MA) of $41.88 and additional support at the 200-day MA of $39.00.

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.

SmarTrend recommended that subscribers consider buying shares of Energizer on February 3rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $36.03. Since that recommendation, shares of Energizer have risen 41.7%. We continue to monitor ENR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Energizer

Ticker(s): ENR