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
Giao dịch đang hoạt động
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. Đóng lệnh: đạt mục tiêu
I look away for 2 months and look what happens. Just like golf. Full of missed opportunities and bad shots. 
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Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.