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Callaway Golf (ELY) – Makes golf clubs, golf balls and other accessories

Updated: 31 Aug 2021

Entry level: Look to buy if the breakout continues or should the slight pullback occur around $34 area as the 10-day MA “catches up”

Price target: Part of the position could be trimmed around $37.50-$38 ATH area, and the remaining left for larger moves. Alternatively, should the stock consolidate or pullback a bit around ATH area, traders could look to re-enter if the larger trend continues as the stock has strong fundamentals and the institutional funds are coming back to it

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage . 68 % of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money .