Callaway Golf Co’s (ELY) MACD indicator has entered into bearish territory with a reading of -0.3152. The Zacks #4 Rank (“Sell”) stock decreased slightly to $5.25 in morning trade. The Zacks Consensus Estimate for the year ending December 2012 has worsened by 27 cents over the past month to a loss of 18 cents per share.
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