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After Yesterday's Rally of 2.62% Shares Could Potentially Pullback

By Amy Schwartz

Citrix Systems (NASDAQ:CTXS) traded in a range yesterday that spanned from a low of $83.99 to a high of $85.43. Yesterday, the shares gained 2.6%, which took the trading range above the 3-day high of $84.64 on volume of 716,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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 $85.35, which is 40% 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 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: rebounders Citrix Systems

Ticker(s): CTXS