Celsius Stock Tries To Keep The Fizz Flowing | IBD Live | Summary and Q&A

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December 27, 2023
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Investor's Business Daily
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Celsius Stock Tries To Keep The Fizz Flowing | IBD Live

TL;DR

Celsius stock has underperformed in the recent market rally, but it shows potential as it is above its 50-day moving average line. The stock has heavy short interest, which may create volatility.

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Questions & Answers

Q: Why has Celsius stock been underperforming in the recent market rally?

Celsius stock has been underperforming due to its downward trending relative strength line. However, it has found support at its 200-day moving average line, which is a positive factor.

Q: What does it mean for the stock to be above its 50-day moving average line?

When a stock is above its 50-day moving average line, it suggests positive momentum. This is a favorable signal that may attract investors' attention.

Q: What is the significance of the heavy short interest in Celsius stock?

The heavy short interest indicates that there are a significant number of investors betting on the stock's decline. This may lead to increased volatility if the stock starts to move in the opposite direction.

Q: How does PepsiCo's stake in Celsius impact the stock's future prospects?

PepsiCo's stake in Celsius provides distribution support, which can help accelerate the company's growth. If Celsius continues to deliver strong performance, PepsiCo's involvement can be advantageous for the stock.

Summary & Key Takeaways

  • Celsius stock has lagged behind in the recent market rally, but it has found support at its 200-day moving average line and is now above its 50-day moving average line.

  • The stock has significant short interest, with short sellers needing 6.4 days of average daily trading to cover their positions.

  • PepsiCo's significant stake in Celsius may provide additional support for the company's growth.

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