Callaway Golf $ELY Technical Update – Stock Traders Daily

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Callaway Golf $ELY Technical Update

The Callaway Golf (NYSE: ELY) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for ELY, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

Review the Trading Plans:

Technical Summary

Term → Near Mid Long
Bias Neutral Strong Neutral
P1 22.41 19.92 20.09
P2 22.89 22.36 21.85
P3 0 24.85 23.64

Long Term Trading Plans for ELY

September 4, 2018, 1:30 pm ET

The Technical Summary and Trading Plans for ELY help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this ELY Report.

ELY – (Long) Support Plan

Buy over 21.85 target 23.64 stop loss @ 21.59.
The technical summary data tells us to buy ELY near 21.85 with an upside target of 23.64. This data also tells us to set a stop loss @ 21.59 to protect against excessive loss in case the stock begins to move against the trade. 21.85 is the first level of support below 22.86 , and by rule, any test of support is a buy signal. In this case, support 21.85 is being tested, a buy signal would exist.

ELY – (Short) Resistance Plan

Short under 23.64 target 21.85 stop loss @ 23.9
The technical summary data is suggesting a short of ELY as it gets near 23.64 with a downside target of 21.85. We should have a stop loss in place at 23.9 though. 23.64 is the first level of resistance above 22.86, and by rule, any test of resistance is a short signal. In this case, if resistance 23.64 is being tested, a short signal would exist.

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