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

By James Quinn

Callaway Golf Co (NYSE:ELY) traded today at a new 52-week high of $23.79. Approximately 141,000 shares have changed hands today, as compared to an average 30-day volume of 1.2 million shares.

Callaway Golf Co share prices have moved between a 52-week high of $23.79 and a 52-week low of $13.49 and are now trading 76% above that low price at $23.68 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 1.2%.

Callaway Golf Co (NYSE:ELY) defies analysts with a current price ($23.68) 16.7% above its average consensus price target of $19.72. Callaway Golf Co shares have support at the 50-day moving average (MA) of $21.08 and additional support at the 200-day MA of $17.61.

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.

SmarTrend recommended that subscribers consider buying shares of Callaway Golf Co on August 3rd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $22.56. Since that recommendation, shares of Callaway Golf Co have risen 3.9%. 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