Credit: Shutterstock photoWhen building your watch list, look for stocks with an 80 or higher RS Rating . Callaway Golf ( ELY ) just cleared that benchmark with an upgrade from 74 to 82.
[ibd-display-video id=2881825 width=50 float=left autostart=true] IBD's unique rating identifies share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the best stocks often have an RS Rating of over 80 in the early stages of their moves.
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Callaway Golf is trying to complete a flat base with a 15.73 entry . See if the stock can clear the breakout price in volume at least 40% higher than normal.
Regarding fundamentals, Callaway Golf has posted rising EPS growth in each of the last two reports. Top line growth has also risen over the same time frame.
Callaway Golf holds the No. 4 rank among its peers in the Leisure-Products industry group. Malibu Boats ( MBUU ) is the No. 1-ranked stock within the group.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
