Callaway Golf Company ELY

FriscoTrades Pro+

Opened Bull Risk Reversals on ELY , chart looks bullish in my opinion. I sold the $20 put and bought the $30 call JAN opex MACD cross, RSI curl, EMA curl , back above the 22 resistance/support line with good buy volume. I like the R/R here on the long side, another idea would be to open bullish put credit spreads or go long naked calls. Give it some time I...

FriscoTrades Pro+

Started a LEAPS position with JAN 2024 25c on Callaway Golf. Technically at good support (which was previously resistance), and appears to have bottomed. Will add upon breakout of dotted down trendline. More conservative idea would be to wait for breakout and confirmation, hence why I only purchased a few contracts, and this is a long term idea. Keep an...

FluxTrades Pro

To all my friends watching the masters, this company shouldn't be a stranger to you. Although $ELY is currently in a pretty gnarly downtrend, we're approaching a strong demand zone established back before the Covid crash. This ticker looks ripe for a reversal, and I'll be eyeing this 20-21.5 zone to load some commons / leaps.

motleifaul

We have fallen below the old top of January 13th, 2020 which has been proven as a resistance twice in 2020 and now has been serving as a support in 2022.

GlennTrading Pro

Looks like the MACD is cooling off and the buyers are taking control. The RSI is below the 50 and still mostly undersold. Looks like ELY will reach resistance at $29.08. If it breaks above this line it will continue with an upward trend.

UnknownUnicorn15475986

looks bullish to me bouncing off previous ATH trading at a respectable multiple as well

kenyorrogers87 Pro+

Am I doing this right? I see a double bottom form where the pink box is. The neckline to the double bottom gets tested a few times. Cloned the left diagonal trendline and moved over to the right. Support at $32.25-$33. Downtrend started on 6/1 Uptrend started on 7/19 Earnings call on 8/6 Timing seems right for a long entry. Should I go into more detail in...

cpowers0314

Looks like a bullish pennant has formed. Being patient for a possible breakout. Love the financials of Callaway and super excited to see revenue growth especially with the first spring/summer of owning top golf. Also feel like golf is probably the fastest growing sport currently. NYSE:ELY

Jonathan-Remy Pro+

BUY

katblat Premium

MACD changing, stochastic is positive Looks like a cup n handle could be setting up Also, seasonally makes sense

Daka2020

Waiting 26.5 to go long

BradWeber82

Trying new systems. I am someone who is always messing around on the weekends and probably should stop doing that as often. But to be honest, I scrapped my EMA strategy and now I am trying to perfect something for me. Indcators: 200MA - Notice it running directly in the middle of the fibs and most recently turning on an uptrend. StochRSI has also confirmed...

spar_ma

Deutsche Version Unterhalb. English version: This will be my trade setting for today. This is a great company which pruduces really good golf equipment with a quality which makes this company interesting and it's already well known in the golf community. The last earnings where amazing and I think the virus helps this company, because this is a sport which is...

stephanelibatd

Hey traders, CALLAWAY GOLF COMPANY is in a bullish composition with a turn and a paid buy volume return. Looking at the TIMEFRAME M1 we see a hammer candle with a sell volume made and before large volumes have changed. It goes towards its last low point to make a trend reversal and go up the comfort zone to test it. There is a great chance of breaking out the...

InvestmentSentry Pro+

Bullish on ELY after buying Topgolf. If we can clear the all time high around $25 I think this could take off to minimum $40. Currently around 2B market cap with significant revenue growth the past 3 years up to 1.7B in 2019. Also, MACD bullish crossover on monthly chart and quarterly chart.

shkspr

NYSE:ELY Possible Scenario: SHORT Evidence: Overbought RSI + Momentum falling This is my idea and could be wrong 100%.

Dc1392

This company was brought on to me on youtube. People love golf and as people begin to go back to daily activities this can be a good entry point. There earnings were delayed which could be the reason for the gap down.

ZenMode Pro

Comparing them to peers is ugly as Acushnet/Malibu/Johnson Outdoors all have a net margin of 4-9%. Earnings growth is average relative to peers. Revenue Growth of +5% is meh.