Citrix Systems (NASDAQ:CTXS) has opened bullishly above the pivot of $60.13 today and has reached the first level of resistance at $60.73. Should the shares continue to rise, the resistance pivots of $61.42 and $62.71 will be of interest.

Potential upside of 30.1% exists for Citrix Systems, based on a current level of $61.41 and analysts' average consensus price target of $79.88. Citrix Systems shares should first meet resistance at the 50-day moving average (MA) of $66.12 and find additional resistance at the 200-day MA of $74.75.

In the past 52 weeks, shares of Citrix Systems have traded between a low of $56.57 and a high of $87.99 and are now at $61.41, which is 9% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.8% while the 200-day MA has slid 0.3%.

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.