Celsius Holdings (CELH) rose above its 50-day moving average Wednesday, building on the energy drink maker’s strong move Tuesday.

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CELH stock jumped 5.2% to 55.72 in Wednesday market trading, back above the 50-day line for the first time since early November. That follows a 5.8% jump Tuesday, rebounding from the 40-week lin.

Investors could view Wednesday’s move as an aggressive entry into Celsius stock. The official buy point is 68.95. Investors could use 62.99 or a downward-sloping trendline as early entries for CELH stock.

Meanwhile, rival Monster Beverage (MNST) rose 1% to 57.34, the highest close since the end of August. MNST stock has rebounded from its 200-day line this week.

Please follow Ed Carson on X/Twitter at @IBD_ECarson, Threads at @edcarson1971 and Bluesky at @edcarson.bsky.social for stock market updates and more.

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