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Bearish Moving Average Cross by Citrix Systems (CTXS)

By Nick Russo

Citrix Systems (NASDAQ:CTXS) crossed under its 10-day moving average of $96.37 on a volume of 198K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Citrix Systems have traded between a low of $60.72 and a high of $98.60 and are now at $95.12, which is 57% above that low price. The 200-day and 50-day moving averages have moved 0.19% lower and 1.12% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Citrix Systems. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Citrix Systems in search of a potential trend change.

Keywords: moving crosses Citrix Systems

Ticker(s): CTXS