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Shares of Callaway Golf Co Rise to a New 52-Week High

By James Quinn

Shares of Callaway Golf Co (NYSE:ELY) traded at a new 52-week high today of $13.98. So far today approximately 119,000 shares have been exchanged, as compared to an average 30-day volume of 673,000 shares.

Over the past year, Callaway Golf Co has traded in a range of $9.50 to $13.98 and is now at $13.94, 47% above that low. 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%.

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.

Potential upside of 7.7% exists for Callaway Golf Co, based on a current level of $13.94 and analysts' average consensus price target of $15.01. Callaway Golf Co shares have support at the 50-day moving average (MA) of $9.11 and additional support at the 200-day MA of $9.09.

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 20.0%. 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