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Stock Investors Bid Up Shares of EnerSys, Up 2.0%

Published on Fri, 02/01/2013 - 13:32
By Robert Cotter

One of today's stocks on the move is EnerSys (NYSE:ENS), up 2.0% to $41.73. The Dow is up 0.9% to 13,994 and the S&P is currently up 1.0% to 1,513.

In the past 52 weeks, EnerSys share prices have been bracketed by a low of $28.60 and a high of $41.76 and are now at $41.73, 46% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.9%.

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.

EnerSys has overhead space with shares priced $41.73, or 7.8% below the average consensus analyst price target of $45.25. The stock should find initial support at its 50-day moving average (MA) of $37.25 and further support at its 200-day MA of $35.10.

By Robert Cotter
rcotter@fnno.com