StockCall Scrutinizes Brunswick, Fossil, Callaway Golf, and Canon

Wed Mar 6, 2013 8:01am EST

* Reuters is not responsible for the content in this press release.

For best results when printing this announcement, please click on the link

LONDON,  March 6, 2013  /PRNewswire/ --

The U.S. labor market continues to show signs of improvement. Data released by
the Labor Department last week showed that initial jobless claims fell 22,000 to
344,000 in the week ended  February 23. With the labor market continuing to
improve and the housing market seeing a robust recovery, consumer confidence has
been rising. The improving economic outlook is expected to boost consumer
spending, benefiting consumer goods companies such as Brunswick Corporation
(NYSE: BC), Fossil Inc. (NASDAQ: FOSL), Callaway Golf Co. (NYSE: ELY), and
Cannon Inc. (NYSE: CAJ). Consumer goods stocks ended mostly higher on Tuesday as
the broad market rallied. StockCall reviewed the solar industry and chose BC,
FOSL, ELY, and CAJ for its technical coverage. These free reports can be seen
for free at

Shares of Brunswick Corporation shares fell sharply on Tuesday even as the broad
market rose. The stock closed 1.64% lower at  $35.41  on above average volume of
1.22 million. Despite the pullback on Tuesday, Brunswick's shares have had an
excellent run so far this year. Year-to-date, the stock has gained more than
21%, easily outperforming the broad market. After rising sharply in January, the
company's shares have traded sideways in the last one month. The stock has been
struggling to break through  $37  resistance level. Technical indicators for the
stock are currently giving bearish signals. Download the free research on BC by
signing up now at   

Shares of Fossil Inc. rose sharply in Tuesday's trading session, tracking gains
in the broad market. The stock closed 1.87% higher at  $105.40  on volume of
603,497. Fossil's shares rose to an intra-day high of  $105.77  yesterday.
Year-to-date, the stock has gained more than 13%, outperforming the S&P 500.
Technical indicators for the company are currently giving bullish signals. The
stock is trading above its 50-day and 200-day moving averages. The stock's MACD
has crossed above the zero-line. Fossil Inc. shares are facing resistance at
around  $107.50. The stock has support at around  $102.50. Register for today's
free analysis on FOSL at

Shares of Callaway Golf Co. rallied in Tuesday's trading session. The stock rose
to an intra-day high of  $6.66  before finishing the day 1.84% higher at  $6.64 
on volume of 672,937. Despite the sharp rise yesterday, the company's shares
have gained more than 1% in the last three trading sessions. Year-to-date, the
stock has underperformed the broad market, gaining a little over 2%. Callaway
Golf's shares had fallen sharply after failing to break through  $7.20 
resistance level. The stock is rebounding after finding support at around 
$6.60. It is currently trading at its 50-day moving average and above its
200-day moving average. Free report on ELY can be accessed by registering at

Cannon Inc.'s shares tracked gains in the broad market. The stock closed 0.95%
higher at  $36.31  on volume of 329,422. Year-to-date, the company's shares have
fallen more than 7%, underperforming the S&P 500, which has gained nearly 8% in
the same period. The stock has just moved above its 200-day moving average,
which is a bullish signal. The stock's MACD is currently above the signal line,
which further suggests that market sentiment is bullish on the stock. Register
with StockCall and download the research on CAJ for free at

About is a financial website where investors can have easy, precise and
comprehensive research and opinions on stocks making the headlines. Sign up
today to talk to our financial analyst at


Contact Person: William T. Knight, Email:, Contact Number:
+1(646)396-9857 (9:00 am EST - 01:30 pm EST)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.