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Citrix Systems Bullish Moving Average Crossover Alert (CTXS)

By David Diaz

Today, shares of Citrix Systems (NASDAQ:CTXS) have advanced above their 10-day MA of $86.46 on a volume of 251K shares. This may provide short-term investors a chance 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 $60.91 and a high of $90.00 and are now at $86.81, which is 43% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has risen 0.3%.

SmarTrend recommended that subscribers consider buying shares of Citrix Systems on February 17th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $67.82. Since that recommendation, shares of Citrix Systems have risen 26.8%. We continue to monitor CTXS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Citrix Systems

Ticker(s): CTXS