Energizer Holdings (ENR) 11/20/09 PriceWatch Alert Targets 8.84% Downside Protection
Posted: Friday, November 20, 2009 8:22 AM EDT
By: Market Intelligence Center Staff
Energizer Holdings (NYSE: ENR) closed yesterday at $57.67. 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 56.53 and resistance in the 58.69 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 $52.57 area. That is also the break even stock price for this trade. This covered call has a 92 day duration, provides 8.84% downside protection and a 4.62% assigned return rate for an 18.34% annualized return rate (comparison purposes only). Energizer does not pay dividends at this time. [FBB-Seven Summits Research]
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