Energizer Holdings (ENR) 2/9/10 PriceWatch Alert With Support Around $54.81
Posted: Tuesday, February 09, 2010 8:33 AM EDT
By: Market Intelligence Center Staff
Energizer Holdings (NYSE: ENR) closed yesterday at $55.76. So far the stock has hit a 52-week low of $37.57 and 52-week high of $69.11. Energizer stock has been showing support around 54.81 and resistance in the 56.99 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 May '10 55 covered call for a net debit in the $51.46 area. That is also the break even stock price for this trade. This covered call has a 102 day duration, provides 7.71% downside protection and a 6.88% assigned return rate for a 24.62% annualized return rate (comparison purposes only). Energizer does not pay dividends at this time. [ATU-Seven Summits Research]
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