Celsius Shares Reclaim 20-Day and 50-Day Moving Averages as Momentum Shifts

Celsius Holdings Inc (NASDAQ: CELH ) shares are trading higher Thursday morning as traders lean into a rebound attempt that has pushed the stock back above key short-term moving averages, even though the longer-term downtrend is still the bigger backdrop. Celsius Holdings stock is gaining positive traction. What’s driving CELH shares up? What Is Driving CELH’s Recent Rebound? The latest push higher is being framed as a technical "catch-up" bounce after a prolonged slide, with price reclaiming the 20-day and 50-day moving averages as near-term trend gauges start to improve. Even with that bounce, the stock is still well below longer-term reference points that often act like overhead supply during rebounds. Celsius is now about 9.3% above its 20-day SMA ($29.13) and 3.8% above its 50-day SMA ($30.65), but it remains roughly 12% below its 100-day SMA ($36.18) and 27.3% below...