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Citrix Systems Bearish Moving Average Crossover Alert (CTXS)

By David Diaz

Today, shares of Citrix Systems (NASDAQ:CTXS) have crossed bearishly below their 10-day moving average of $95.89 on a volume of 101K shares. This may provide short-term investors a chance 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 $94.17 and a high of $116.82 and are now at $95.27, which is 1% above that low price. The 200-day and 50-day moving averages have moved 0.2% lower and 0.27% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Citrix Systems on March 12th, 2019 by issuing a Downtrend alert when the shares were trading at $99.77. Since that call, shares of Citrix Systems have fallen 3.6%. 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