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

By Amy Schwartz

Today, shares of Citrix Systems (NASDAQ:CTXS) have fallen below their 10-day MA of $110.96 on a volume of 201K 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.

Citrix Systems share prices have moved between a 52-week high of $116.81 and a 52-week low of $73.33 and are now trading 51% above that low price at $110.83 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.5%.

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