Staring Down the Masters in April

The Masters 2015 professional golf tournament is schedule to take place at Augusta National Golf Course from April 9-12th.

From both a logical and seasonal perspective, Callaway Golf Company tends to perform quite well in early/mid-April, with the cold, dark winter nights giving way to more pleasant golfing weather. 

And on the daily chart, below, for ELY, we can see a sound technical setup for the low-priced issue, flagging high and fairly tight in an established uptrend with rising major moving averages. 

The stock is also fairly heavily-shorted, making it ripe for a squeeze higher, especially over $9.65 and $9.80. I suggest a stop below $9.30 if you play, and would also caution against the relatively thing volume with which the stock trades. 

Still, if you are looking for a play into The Masters this one makes sense on many levels. 

Earnings are scheduled for April 23rd.