Bearish MACD for ELY – Tale of the Tape (ELY)

Callaway Golf Company’s (ELY) MACD indicator has entered into bearish territory with a reading of -0.0708. The Zacks #5 Rank (“Strong Sell”) stock decreased more than 3% to $5.36 in morning trade. The Zacks Consensus Estimate for the year ending December 2011 has worsened by 4 cents over the past two months to a loss of 30 cents per share.