Energizer Holdings (ENR) 11/3/09 PriceWatch Alert Up To 7.47% Downside Protection

Posted: Tuesday, November 03, 2009 8:34 AM EDT

Energizer Holdings (NYSE: ENR) closed yesterday at $60.25. 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 58.42 and resistance in the 61.92 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 60 covered call (ENR BL) for a net debit in the $55.75 area. That is also the break even stock price for this trade. This covered call has a 109 day duration, provides 7.47% downside protection and a 7.62% assigned return rate for a 25.53% annualized return rate (comparison purposes only). Energizer does not pay dividends at this time. [ATU-Seven Summits Research]

Click Symbol For More News On: (ENR)