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Downgrade Alert for Energizer (ENR)

By David Diaz

Energizer (NYSE:ENR) was downgraded from Buy to Neutral at Goldman Sachs today. The stock closed yesterday at $49.74 on volume of 1.2 million shares, above average daily volume of 483,000.

In the past 52 weeks, Energizer share prices have been bracketed by a low of $28.86 and a high of $53.41 and closed yesterday at $49.74, 72% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.3%.

Energizer (NYSE:ENR) defies analysts with a current price ($49.74) 16.2% 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 42.1%. We continue to monitor ENR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades Energizer

Ticker(s): ENR