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Citrix Systems Crosses Below its 10-day MA (CTXS)

By Shiri Gupta

Citrix Systems (NASDAQ:CTXS) shares have crossed bearishly below their 10-day moving average of $79.63 on a volume of 828K 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, Citrix Systems share prices have been bracketed by a low of $60.72 and a high of $87.99 and are now at $79.50, 31% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.1% while the 200-day MA has slid 0.2%.

SmarTrend is tracking the current trend status for Citrix Systems and will alert subscribers who have CTXS in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Citrix Systems

Ticker(s): CTXS