Shares of EnerSys Receive a Boost, Up 4.4%

Published on Tue, 01/03/2012 - 11:11
By Adrienne Chilton in Market movers, ENS, enersys, market movers, nyse:ens

One of today's notable stocks on the rise is EnerSys (NYSE:ENS), up 4.4% to $27.10. The S&P is currently trading 2.0% higher to 1,283 and the Dow Jones Industrial Average is trading 1.9% higher to 12,451.

EnerSys (NYSE:ENS) has potential upside of 20.1% based on a current price of $27.10 and analysts' consensus price target of $32.56. The stock should find resistance at its 200-day moving average (MA) of $28.61, as well as support at its 50-day MA of $24.04.

EnerSys share prices have moved between a 52-week high of $40.32 and a 52-week low of $17.35 and are now trading 56% above that low price at $27.10 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 1.8%.

EnerSys manufactures, markets, and distributes industrial batteries. The Company also manufactures, markets, and distributes related products such as chargers, power equipment, and battery accessories. EnerSys provides related after-market and customer-support services for lead-acid industrial batteries.

By Adrienne Chilton
achilton@fnno.com
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