Has Callaway Golf Co. (up 1.05 percent, ELY) seen the light?

Up 1.05% today. The stock has recovered 3.4% from its recent low price of 12.1 which occurred on 23-May-2008. A close above 20-day moving average of 12.89 could mark low of 12.1 as a recent low. The closest support can be found at 12.4. ...