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Recent 52-Week High Exceeded in Shares of Citrix Systems (CTXS)

By Nick Russo

Citrix Systems (NASDAQ:CTXS) traded today at a new 52-week high of $110.44. Approximately 145,000 shares have changed hands today, as compared to an average 30-day volume of 1.8 million shares.

Citrix Systems, Inc. designs, develops, and markets technology solutions that allow applications to be delivered, supported, and shared on-demand. The Company develops and markets comprehensive solutions across all dimensions of application, server and desktop virtualization, as well as application and network optimization.

Citrix Systems (NASDAQ:CTXS) defies analysts with a current price ($109.61) 4.3% above its average consensus price target of $104.88. Citrix Systems shares have support at the 50-day moving average (MA) of $106.53 and additional support at the 200-day MA of $93.48.

In the past 52 weeks, shares of Citrix Systems have traded between a low of $73.33 and a high of $110.44 and are now at $109.61, which is 49% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 0.4%.

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: 52 week high/lows Citrix Systems

Ticker(s): CTXS