Energizer (ENR) NewsBite - ENR Upgraded By Morgan Stanley

Posted: Monday, November 09, 2009 1:59 PM EDT

Energizer (ENR) was upgraded today by analysts at Morgan Stanley and the stock is now at $58.40, up $1.42 (2.49%) on volume of 1,272,390 shares traded. The analysts upgraded ENR to Overweight from Equal Weight. Over the last 52 weeks the stock has ranged from a low of $30.36 to a high of $69.11. Energizer stock has been showing support around $54.07 and resistance in the $58.59 range. Technical indicators for the stock are neutral and S&P gives ENR a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on ENR the stock seems like it could be a candidate for a February out-of-the-money bull-put credit spread below the 50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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