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Callaway Golf Crosses Above its 10-day MA (ELY)

By Amy Schwartz

Callaway Golf (NYSE:ELY) crossed over its 10-day moving average of $10.24 on a volume of 1.6 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Callaway Golf share prices have been bracketed by a low of $7.97 and a high of $11.89 and are now at $11.15, 40% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.2%.

SmarTrend is monitoring the recent change of momentum in Callaway Golf. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Callaway Golf in search of a potential trend change.

Keywords: moving crosses callaway golf

Ticker(s): ELY