Since I wrote last month about waiting until after The Masters golf tournament before looking to play Callaway Golf, I was pleasantly surprised to check in on the chart tonight and see strong buy volume emerging over the past few trading sessions. Price continues to tighten up on all timeframes, as well. And with a healthy short interest, the stock is ripe for a squeeze higher in this tape. It may not yet be a perfect chart, but moving averages are all at least underneath price and its most recent technical base.
To read about the longer-term levels to watch in this stock, please read or re-read my original post here.
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