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

Zacks

Callaway Golf Company’s (ELY) MACD indicator has entered into bearish territory with a reading of -0.0473. The Zacks #5 Rank (“Strong Sell”) stock decreased slightly to $5.26 in morning trade. The Zacks Consensus Estimate for the year ending December 2011 has decreased by 23 cents over the past month to a loss of 54 cents per share.

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