In a whirlwind of market activity, Topgolf Callaway ( NYSE:MODG ) finds itself at the center of speculation and volatility as rumors swirl regarding a potential acquisition. Despite initially soaring on reports of acquisition interest, the stock saw gains trimmed after the company denied any ongoing sale talks.
Shares surged by a remarkable 15% earlier in the...
The new golf that is taking place is Topgolf and it is showing out in the earnings. This company has room to expand and become a big player over time. Take a look at the support and resistance zones to see where we could be headed. They generally increase in prices after a good earnings call like they just had and the directors of the company purchased shares back...
MODG is one to watch as it heads back to resistance at ~$14. Should it clear that level, there is room to run to ~$16. Looks to be forming inverse Head and Shoulders. Nice divergence on the MACD over the last couple of months. Today pushed through the 50 day without much issue.
One of the uglier charts I have seen but I love the story. Hard to find the right entry with this one but I started with a couple Jan calls here. Could see the small cap momentum continuing and Callaway has been making all the right moves. They just opened another top golf location in Florida recently too.
Callaway looks oversold, looking for price target @ 19.00
- sideways MA on weekly
- decent support at 17.00
- revenue from earnings was good
- topgolf season
