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Bearish MACD for ELY

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September 28, 2011 | Comment(s): 0
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ELY
Callaway Golf Company’s (ELY - Snapshot Report) 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.

 

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