CELH remains at strength, closing today at $59.31 with a substantial gain of +3.85% intraday. Its performance continue to lead the S&P 600 SmallCap 600 constituent as the market remains muted for the week. Additionally, CELH have attained a cumulative rally of +167.73% in 47 days market session since last highlighted, slipping away from the attention and the theme of the market over the past weeks.
With average price volatility peaking at 4/DAY in conjunction with lowly traded volume over the past week, it will be plausible for CELH to undergo a short term consolidation within a 10% price range in the next few session. $52 will be a critical price level to hold before any signs of weakness on this current bullish directional momentum sets in.