Energy drink stock Celsius Holdings Inc (NASDAQ:CELH) was last seen up 2.6% at $57.69, after Goldman Sachs initiated coverage with a "buy" rating and price target of $72. The firm cited growth potential even as the shares continue to outperform their peers.
On the charts, CELH is on track for its third-straight gain, climbing back up toward its Aug. 29, 52-week high of $63.50 after a short-term breather. Since the start of the year, the equity is up roughly 119%.
There is still short squeeze potential. Though short interest has been slowly unwinding, it still represents 12.5% of the stock's available float, or three days' worth of pent-up buying power. Plus, the stock's 14-day relative strength index (RSI) of 30.3 is on the cusp of "oversold" territory, which typically precedes a short-term bounce.
When weighing in on CELH's next move, options look like a good way to go. The security's Schaeffer's Volatility Index (SVI) of 48% ranks in the low 9th percentile of its annual range, meaning options traders are pricing in low volatility expectations.
