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

By James Quinn

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.

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.

Over the past year, Citrix Systems has traded in a range of $73.33 to $109.51 and is now at $109.44, 49% above that low. The 200-day and 50-day moving averages have moved 0.50% higher and 0.26% higher over the past week, respectively.

Keywords: rebounders Citrix Systems

Ticker(s): CTXS