Long Position on ELY @ $23.10 on 9/6/2018 (Momentum)

Callaway Golf Company (ELY) designs, manufactures, and sells golf clubs, golf balls, golf bags, and other golf-related accessories in the United States and internationally.

The company operates through three segments: Golf Clubs; Golf Balls; and Gear, Accessories and Other.

It offers drivers, fairway woods, hybrids, irons, wedges, and putters.

The company also provides packaged sets, golf gloves, golf footwear, golf apparel, travel gear, lifestyle apparel and accessories, headwear, eyewear, and practice aids. In addition, it licenses its trademarks and service marks for use on golf related accessories, such as golf apparel, footwear, golf gloves, prescription eyewear, practice aids, and OGIO branded bags.

The company sells its products through golf retailers, sporting goods retailers, mass merchants, Internet retailers, department stores, field representatives, and in-house sales representatives, as well as to third-party distributors in the United States and approximately 100 countries.

Callaway Golf Company sells its products under the Callaway Golf, Odyssey, Strata, OGIO, and TravisMathew brand names. It also sells pre-owned golf products through its Website callawaygolfpreowned.com; and Callaway Golf and Odyssey products through its Websites callawaygolf.com, odysseygolf.com, ogio.com, and travismathew.com. 

Shares have formed a bullish "flag" formation following its latest quarterly report. Higher share prices are expected for this stock.

Entry Point: $23.10

Stop Loss: $21.80

Trading Range: $13.49 - $23.60

Target Price: $25.41

Updates

2/27/2019 10:46:52 AM

Closed at $17.10

Position closed on 2/27/2019 at price of $17.10 with a -25.97% loss in 174 days.

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