Back in March I reviewed my thoughts on Callaway (ELY). I had felt the stock was overbought and the price would come down. Since then the stock has dropped 15% and is currently trading today at $7.97

March Blog: Invest in Callaway

This could be a fun golf stock to watch. With the market being bullish in recent trading sessions and this stock approaching its 200 day moving average (MA), it may be moving up on a dip. Currently it is showing mulitiple bullish indicators. I would still wait for it to close above its 200 MA which is 8.06 and then evaluate it again.

My style trading is to get in/out and not hold on to a stock. I like to collect my profits. 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. Is there a another golf company stock you would like to discuss

Update: This stock received a downgrade on 5/15. Due to this, the stock price has been falling the last couple days. Currently it is $6.45. It never reached the 200 MA.

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