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Callaway Golf Co: 52-Week High Recently Eclipsed (ELY)

By Nick Russo

Callaway Golf Co (NYSE:ELY) traded today at a new 52-week high of $20.71. This new high was reached on below average trading volume as 169,000 shares traded hands, while the average 30-day volume is approximately 818,000 shares.

Callaway Golf Company designs, develops, and markets golf clubs. The Company manufactures titanium drivers, fairway woods, irons, wedges, and various putters. Callaway serves customers both domestically and internationally.

Callaway Golf Co (NYSE:ELY) defies analysts with a current price ($20.47) 3.7% above its average consensus price target of $19.72. The stock should find initial support at its 50-day moving average (MA) of $18.02 and further support at its 200-day MA of $15.50.

Callaway Golf Co share prices have moved between a 52-week high of $20.71 and a 52-week low of $12.03 and are now trading 70% above that low price at $20.47 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 1.3%.

SmarTrend recommended that subscribers consider buying shares of Callaway Golf Co on March 21st, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $11.46. Since that recommendation, shares of Callaway Golf Co have risen 75.9%. We continue to monitor ELY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows callaway golf co

Ticker(s): ELY