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Bullish Moving Average Cross by Citrix Systems (CTXS)

By Nick Russo

Today, shares of Citrix Systems (NASDAQ:CTXS) have crossed bullishly above their 10-day moving average of $91.99 on a volume of 260K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Citrix Systems have traded between a low of $90.28 and a high of $114.55 and are now at $92.10, which is 2% above that low price. The 200-day and 50-day moving averages have moved 0.14% lower and 0.15% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Citrix Systems on July 25th, 2019 by issuing a Downtrend alert when the shares were trading at $96.06. Since that call, shares of Citrix Systems have fallen 5.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Citrix Systems

Ticker(s): CTXS