Energizer Holdings Inc

ENR is in a Stage 2 advance, with price recently making a marginal new high flagged by a Bullish Exhaustion pattern. Despite weakening upside momentum at the highs, price remains above rising EMAs and the 50-day SMA, and oversold options readings support a near-term buying opportunity. The medium-term bias remains bullish, and we will buy the pullback into the 9/20/50 EMA confluence in line with a momentum strategy.

• ↑7.2% dividend yield (43% payout) supported by $740M free cash flow.
• ↑Gross margin up to 44% YoY from strategic pricing initiatives.
• ↓Q2 revenue down 4% to $700M amid cautious consumer spending.