• Return to Headlines

Look for Shares of Citrix Systems to Potentially Pullback after Yesterday's 1.15% Rise

By Shiri Gupta

Citrix Systems (NASDAQ:CTXS) traded in a range yesterday that spanned from a low of $101.49 to a high of $101.72. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $101.20 on volume of 530,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Citrix Systems share prices have moved between a 52-week high of $116.82 and a 52-week low of $90.32 and are now trading 13% above that low price at $101.72 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Citrix Systems. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Citrix Systems in search of a potential trend change.

Keywords: rebounders Citrix Systems

Ticker(s): CTXS