Callaway Golf Co.’s (ELY) MACD indicator has moved into bearish territory with a reading of –0.9416. The Zacks #5 Rank (“Strong Sell”) stock decreased more than 1.56% to $5.68 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending December 2012 has decreased by 27 cents over the past month to a loss of 18 cents per share.
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