Enersys ($ENS) - Overbought - views

Enersys has hit a technical signal on 3 different technical indicators. ENS is in the Consumer Non-Durables sector. The technical signals indicate that the stock is Overbought right now. The 3 indicators: Commodity Channel Index, Relative Strength Index and the Fast Stochastics were all triggered based on the last closing price of $34.15 on Feb 13.

There are currently 12 analysts covering the company. Of these analysts, 12 have a buy recommendation. The current consensus estimate for quarterly earnings among the 12 analysts covering the stock is $0.62 per share. Last quarter the company earned $0.56 per share. The consensus estimate for this years earnings is $2.53 per share as compared to the next years' expectation, of $2.68 per share. The consensus estimate for next years earnings is $2.68 per share, which represents forecast growth of 5.9%.

Over the last 52 weeks, the stock has been trading between $17.35 and $40.32. More recently in the last 4 weeks, the stock has been trading between $27.37 and $34.32. Yesterday the stock traded between $33.43 and $34.32. The stock currently has a PE ratio of 9.0.

Enersys is trading 13.8% from its 20-day simple moving average (SMA) of $30.01 and 24.3% from its 50-day SMA and 26.58% from its 200-day SMA. Average daily volume over the last 30 days has been 463,036 shares.

At yesterdays close: the RSI was at 83.3, the CCI was at 184.4 and the Fast Stochastic was at 97.1. ENS closed yesterday at $34.15, on volume of 524,134 shares as compared to an average volume of 463,036 over the last 4 weeks.

EnerSys manufactures, markets, and distributes industrial batteries in the Americas, Europe, and Asia. It also offers related products, such as chargers, power equipment, and battery accessories, as well as related after-market and customer-support services for industrial batteries. The company's products include reserve power products, which are used for backup power for the continuous operation of applications in telecommunications systems and uninterruptible power systems, as well as applications for computer and computer-controlled systems, and other specialty power applications, including security systems for starting, lighting, and ignition applications. Its reserve power products are also used in switchgear, electrical control systems that are used in electric utilities and energy pipelines; and in commercial aircraft, satellites, military aircraft, submarines, ships, tactical vehicles, and portable energy packs. The company's products also comprise motive power products, which are used to provide power for manufacturing, warehousing, and other material handling equipment, primarily electric industrial forklift trucks, mining equipment, and for diesel locomotive starting and other rail equipment. EnerSys markets its reserve power batteries under the ABSL, ABSL Power, ABSL Space, ArmaSafePlus, Cyclon, DataSafe, Genesis, Hawker, Odyssey, Oerlikon Battery, PowerSafe, and SuperSafe brands; and motive power batteries under the Douglas Battery, Express, Fiamm Motive Power, General Battery, Hawker, and Ironclad brands. The company also sells its aerospace and defense products to the governments of the United States, Germany, and the United Kingdom; and to defense and aviation OEMs. It markets and sells its products through a network of distributors, independent representatives, and its sales force. The company was formerly known as Yuasa, Inc. and changed its name to EnerSys in January 2001. EnerSys was founded in 1999 and is headquartered in Reading, Pennsylvania.

Technical Indicators should be used as the starting point for further analysis. These indicators are provided as a guide to help you determine what assets to analyze. The technical indicators used in this article can indicate that an asset is either overbought or oversold, but that indication could be the result of a fundamental or other type of event like an earnings announcement.

To learn more about technical analysis, please refer to our technical analysis primer.