StockCall Scrutinizes Brunswick, Fossil, Callaway Golf, and Canon

Mar 06, 2013, 08:00 ET from

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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