StockCall Scrutinizes Brunswick, Fossil, Callaway Golf, and Canon

      StockCall Scrutinizes Brunswick, Fossil, Callaway Golf, and Canon

PR Newswire

LONDON, March 6, 2013

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

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