pool adsCitrix Systems $CTXS Technical Update
The Citrix Systems (NASDAQ: CTXS) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for CTXS, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Strong | Neutral | Neutral |
| P1 | 103.59 | 96.01 | 101.18 |
| P2 | 105.73 | 102.14 | 112.12 |
| P3 | 107.34 | 107.33 | 122.51 |
Support and Resistance Plot Chart for CTXS
Long Term Trading Plans for CTXS
November 9, 2018, 8:15 am ET
The Technical Summary and Trading Plans for CTXS help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this CTXS Report.
CTXS - (Long) Support Plan
Buy over 101.18 target 112.12 stop loss @ 100.92.
The technical summary data tells us to buy CTXS near 101.18 with an upside target of 112.12. This data also tells us to set a stop loss @ 100.92 to protect against excessive loss in case the stock begins to move against the trade. 101.18 is the first level of support below 107.06 , and by rule, any test of support is a buy signal. In this case, support 101.18 would be being tested, so a buy signal would exist.
CTXS - (Short) Resistance Plan
Short under 112.12 target 101.18 stop loss @ 112.38.
The technical summary data is suggesting a short of CTXS as it gets near 112.12 with a downside target of 101.18. We should have a stop loss in place at 112.38 though. 112.12 is the first level of resistance above 107.06, and by rule, any test of resistance is a short signal. In this case, if resistance 112.12 is being tested, so a short signal would exist.
