Hello Friends,
Masters Week means golf talk.
NEWS
Calloway merged with Top Golf in 2021, but sold a majority stake of the money pit to a Private Equity firm earlier this year. The move should reduce overhead for Calloway as the cost of a full bar & restaurant driving range appears unsustainable.
TECHNICAL
Volume is trending slightly lower as
CALY approaches its first real earnings report after divesting from Top Golf, suggesting a hesitant sentimentality.
However, we are seeing a nice falling wedge/bull pennant near completion signaling a possible imminent breakout.
50 D SMA is overextended from 365 D SMA
OUTLOOK
Earnings post restructuring should be more realistic and investors will be pleased to be out of the upscale driving range business. Month-to-month I like it as a swing trade. Long-term I am skeptical and believe you can find better investments for your money. The golf industry does not strike me a huge growth industry as a whole.
Modest Target of $15.5
Aggressive Target of $20.00 - $22.00
Ultra Aggressive Target of +$26
Masters Week means golf talk.
NEWS
Calloway merged with Top Golf in 2021, but sold a majority stake of the money pit to a Private Equity firm earlier this year. The move should reduce overhead for Calloway as the cost of a full bar & restaurant driving range appears unsustainable.
TECHNICAL
Volume is trending slightly lower as
CALY approaches its first real earnings report after divesting from Top Golf, suggesting a hesitant sentimentality. However, we are seeing a nice falling wedge/bull pennant near completion signaling a possible imminent breakout.
50 D SMA is overextended from 365 D SMA
OUTLOOK
Earnings post restructuring should be more realistic and investors will be pleased to be out of the upscale driving range business. Month-to-month I like it as a swing trade. Long-term I am skeptical and believe you can find better investments for your money. The golf industry does not strike me a huge growth industry as a whole.
Modest Target of $15.5
Aggressive Target of $20.00 - $22.00
Ultra Aggressive Target of +$26
Сделка активна
CALY jumped way before I expected. It nearly touched $15.50, but we'll see if investors take profit after that big day in April or keep pumping. Сделка закрыта: достигнута тейк-профит цена
I look away for 2 months and look what happens. Just like golf. Full of missed opportunities and bad shots. 
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Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.