Do you invest? Do you trade stocks? If so, you might want to consider Callaway Golf. They are traded on the New York Stock Exchange under ticker symbol ELY. In the last 10 days this stock has increased 29%.

Let’s take a more in-depth look and you decide for yourself. Callaway Golf designs, makes golf clubs and balls under Callaway Golf, Odyssey, Big Bertha, Top-Flite and Ben Hogan brand names.Callaway is currently trading at $6.37 a share and has been as high as $15.45 within the last year. Since we are out of the recession there will be a slow trend of more money spent on leisure items. Even with some news this week of not meeting their EPS estimate the stock still seem to sustain.

Within the last couple days the stock passed through the 50 day moving average which is another bullish signal. If you look at the chart it even arguably has a double bottom which is a powerful bullish pattern. This might explain the spike in the last couple days. The stock is trending towards the 200 day moving average which if it passes through that, it’s even a stronger bullish indicator.

I am just recommending that you review this and not telling you to buy it. Take a look at this stock and analyze it yourself to see if it falls within your strategy. Everyone has their own strategy. I even reviewed three analyst ratings this morning and two of them recommended buy and one recommended sell. Is there a another golf company stock you would like to discuss?

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