Does Energizer look like its going to run or crash?
They dropped overnight but the volume was the biggest it has been in a long time.
ENZR Down 5.33% but on volume of 1.3 Million
EGZ Down 5.8% on volume of 321,400
YE5 Up 31.61% on volume 27,500
So what do you guys think, I am no chart reader but this stock hasn't seen volume in one day like since may 27th last year. The chart:
http://www.barchart.com/charts/stocks/ENZR&style=technical
Also www.barchart.com is listing ENZR, MGY, EGZ all as strong buys.
On a side note:
Malagasy has 7.5 Million Energizer shares so if we watch the Energizer price:
At last weeks 25 cents shares are worth $1,875,000
At todays close 32 cents they are $2,400,000
Yesterdays close 34.5 cents $2,535,000
Energizer is undervalued under 50 cents, at 50 cents they are worth $3,750,000
The article posted by rkjones advises they are undervalued under 50 cents:
Link to article:-
http://us2.campaign-archive1.com/?u=6aec09ee2c6c558d6b5867e62&id=d1700d0d07&e=4cbc0acb83
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