Celsius Bringing the High Heat

Celsius Holdings, Inc., the South Florida-based firm with a line of up-and-coming fitness and energy drinks, continues to sport a strong, steady overall chart. On the CELH daily timeframe, below, that is no small feat considering how many growth stocks have been totally obliterated the last few months. 

Even as CELH itself corrected off recent highs, the bullish pattern of the longer-term chart was never breached. And, of course, the firm remains a viable buyout target with a $4 billion market cap for larger food and beverage firms like KO or PEP looking to acquire growth. 

As equities stage a further relief rally today led by growth issues, a name like CELH compelled me to take a long position with a $50 stop-loss. 

Elsewhere, precious miners absorbed yesterday's volatility quite well and are now shaping up as a variety of high, tight bull flags across the sector.