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Look for Shares of Citrix Systems to Potentially Pullback after Yesterday's 1.18% Rise

By Shiri Gupta

Citrix Systems (NASDAQ:CTXS) traded in a range yesterday that spanned from a low of $78.83 to a high of $80.24. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $79.95 on volume of 327,000 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 $60.72 and a high of $87.99 and are now at $80.04, which is 32% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 1.1%.

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