# Watchlist Week of October 10th, 2022

Canonical: https://stocksurgedaily.com/watchlist-week-of-october-10th-2022/

## **Celsius Holdings, Inc. (Short Idea)**

**Celsius Holdings, Inc.** (CELH) has been a high-flyer all year, but the party might finally be over for the energy-drink maker.

The stock is now holding below its 50-day moving average.

![](https://lh4.googleusercontent.com/Jd3xJdZPrbpW-vKISm5DI75UqQM2wAB-CS0sSvaSu7bWYsy1tQYgzLmEmGAaTUC-quY58AP3C7-2LWEB9oDOeh4almsTaTbZVe0cZUo_T5BXf29oFbss06CpNbQk8ZXjonMWmknKen_tN7CHfoa-067FSQTvwnC_Pzaxl_tYUzI9djA3rD8u6vg1lQ)

**_Daily Chart of Celsius Holdings, Inc. (CELH) – Source: TradingView_**

Additionally, the $90-$95, which previously served as support, is now acting as resistance for the stock.

I would consider a short trade on CELH if it bounces back up again with a stop near $97.

## **Enphase Energy, Inc. (Short Idea)**

Solar stocks have seen huge runs in the latter half of this year, including **Enphase Energy, Inc.** (ENPH)…

![](https://lh3.googleusercontent.com/qeRRSZeXX_Umt7f_SgMw7l90LsvRjnMVMnpiF-WVE-_ATX1QzdJtHbYqxxdrpukZRD95mYLVZwyM48I2MRL8H5_v16Ip-90Pfv9kS88ScplyafQoVrfGS1NjYdZv61vh64XNbzgTMlOsD-hs1mqdc2oJogm4f2BCv5zq4VljFk0RUaaQDHfPn_sewA)

**_Daily Chart of Enphase Energy, Inc. (ENPH) – Source: TradingView_**

However, the bears are now coming for Enphase.

Last Wednesday saw the stock break down and close below its support level on double its average daily volume.

A stock going down is bad. A stock going down on huge volume is really bad.

I like ENPH as a short here. After a meteoric rise, it has a lot of room to fall. 

I’d like to sell short as close to the $270 area as possible.

## **Vertex Pharmaceuticals Incorporated (Long Idea)**

If you’re determined to play the long side and find stocks to buy, **Vertex Pharmaceuticals Incorporated** (VRTX) is one of my favorites.

![](https://lh4.googleusercontent.com/I62PQchWKWHG5dcKcdLxRrmdTkHqZB5fZopE9ikqnQgHtuBkkOVuxdgzF70mlFmUhWYNxDJl4PtFoJAdebHsxx_ndP6jojoijTR-jvzTZ4wPE9AYIiXzznZw5KMLDioxQvGEB2u75fPdUTxqE5ziHFVRpfytKSdxAxq9wvsZR6cCfPAdK19uekeOlQ)

**_Daily Chart of Vertex Pharmaceuticals Incorporated (VRTX) – Source: TradingView_**

This is a top-caliber stock in a leading market group with a great volume footprint.

The breakout level is near $306. One could also buy the stock on a pullback to its 21- and 50-day moving averages near the $290 level.

Either way, I wouldn’t risk much on the trade… No more than 5%-6%.

If the trade is going to work, it should show a profit within a couple days.