SmarTrend Detects Continued Buying Pressure in Shares of EnerSys (ENS)
SmarTrend identified an Uptrend for EnerSys (NYSE: ENS) on February 16, 2010 at $22.33. In approximately 2 weeks, EnerSys has returned 8.2% as of today's recent price of $24.17.
EnerSys is currently above its 50-day moving average of $22.06 and above its 200-day moving average of $21.04. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of EnerSys shares.
Write to Chip Brian at cbrian@tradethetrend.com
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