• Return to Headlines

Watch for Citrix Systems to Potentially Pullback After Gaining 2.14% Yesterday

By James Quinn

Citrix Systems (NASDAQ:CTXS) traded in a range yesterday that spanned from a low of $151.24 to a high of $154.69. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $151.59 on volume of 523,000 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.

Citrix Systems share prices have moved between a 52-week high of $154.69 and a 52-week low of $90.28 and are now trading 71% above that low price at $154.21 per share. Over the last five market days, the 200-day moving average (MA) has gone up 1.0% while the 50-day MA has advanced 2.9%.

Keywords: rebounders Citrix Systems

Ticker(s): CTXS