Energizer Holdings (ENR) Listed On Investors Observer Momentum Plays List

Posted: Thursday, November 19, 2009 9:32 AM EDT

Energizer Holdings (NYSE: ENR) closed yesterday at $58.41. So far the stock has hit a 52-week low of $30.36 and 52-week high of $69.11. Energizer stock has been showing support around 57.20 and resistance in the 59.16 range. Technical indicators for the stock are Bearish and S&P gives ENR a neutral 3 STAR (out of 5) hold rating. ENR appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Feb '10 55 covered call (ENR BK) for a net debit in the $53.11 area. That is also the break even stock price for this trade. This covered call has a 93 day duration, provides 9.07% downside protection and a 3.56% assigned return rate for a 13.97% annualized return rate (comparison purposes only). Energizer does not pay dividends at this time. [THA-Seven Summits Research]

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