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Look for Shares of Citrix Systems to Potentially Pullback after Yesterday's 2.01% Rise

By Shiri Gupta

Citrix Systems (NASDAQ:CTXS) traded in a range yesterday that spanned from a low of $107.22 to a high of $109.51. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $107.91 on volume of 423,000 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 $73.33 and a high of $109.51 and are now at $109.44, which is 49% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.5%.

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