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Callaway Golf Co. (ELY) Has Risen Past Resistance At The Highs

Jefferies initiated coverage on shares of Callaway Golf Co. (ELY) Monday morning with a "Buy" rating.

Callaway Golf has gapped open higher this morning and is now up 0.21 at $9.86. The stock has broken out of a 1-month trading range and has set a new high for the year.

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