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

By Shiri Gupta

Today, shares of Citrix Systems (NASDAQ:CTXS) have fallen below their 10-day MA of $82.48 on a volume of 173K shares. Swing traders may find an opportunity 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 $90.00 and a 52-week low of $60.91 and are now trading 33% above that low price at $80.89 per share. The 200-day and 50-day moving averages have moved 0.24% higher and 1.03% higher over the past week, respectively.

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 21.9%. 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