Trading Idea - Energizer Broke Resistance, What to Expect?

Published on Wednesday, 28 December 2011 18:48 Written by Christian Paolinetti

New York, December 28th (TradersHuddle.com) - Shares of Energizer Holdings, Inc. (NYSE:ENR) closed the trading session at $76.75 just above calculated resistance at $74.31 effectively breaking out, grabbing the attention of momentum traders, which could eventually push the stock to different trading range

Energizer Holdings, Inc. (NYSE:ENR) is a consumer goods Company that operates around the world. Its household products division manufactures dry cell batteries, flashlights, and other lighting products. The personal care division offers a diversified range of consumer products in the wet shave, skin care feminine care and infant care categories. Energizer market its products through well established brand names such as Energizer, Eveready, Schick, Playtex, Banana Boat, and Hawaiian Tropic.

Energizer's stock was trading in a well defined range with support at $67.27 and resistance at $74.31, given that this range was broken traders will be closely monitoring the stock