TMCnet News
Upgrade Alert for Citrix Systems (CTXS)Jan 09, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Citrix Systems (NASDAQ:CTXS) was upgraded from Hold to Buy at Jefferies today. The stock closed yesterday at $68.60 on volume of 2.7 million shares, above average daily volume of 2.3 million. In the past 52 weeks, shares of Citrix Systems have traded between a low of $56.57 and a high of $87.99 and closed yesterday at $68.46, which is 21% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.4%. Citrix Systems, Inc. designs, develops, and markets technology solutions that allow applications to be delivered, supported, and shared on-demand. The Company develops and markets comprehensive solutions across all dimensions of application, server and desktop virtualization as well as application and network optimization. Citrix Systems has overhead space with shares priced $68.46, or 14.3% below the average consensus analyst price target of $79.88. The stock should hit resistance at its 200-day moving average (MA) of $73.46, as well as support at its 50-day MA of $63.02. SmarTrend recommended that subscribers consider buying shares of Citrix Systems on November 23rd, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $61.59. Since that recommendation, shares of Citrix Systems have risen 11.2%. We continue to monitor CTXS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |