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Citrix Systems Rises 1.38% on Heavy Volume: Watch For Potential Pullback

By Shiri Gupta

Citrix Systems (NASDAQ:CTXS) traded in a range yesterday that spanned from a low of $145.60 to a high of $147.78. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $147.27 on volume of 239,000 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 $90.28 to $152.49 and is now at $148.60, 65% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.3%.

Keywords: rebounders Citrix Systems

Ticker(s): CTXS