pool adsHow to Develop Trading Plans for Citrix Systems $CTXS and other Stocks
According to Stock Traders Daily, a 2-year industry veteran, investors can use the price action in Citrix Systems (NASDAQ: CTXS) to foretell upcoming changes. A current example is provided below. There are trading plans for CTXS, but the data on this page does not update in real time. If you want a real time update, or a different stock, please get one here Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Neutral | Neutral |
| P1 | 0 | 0 | 118.08 |
| P2 | 129.99 | 132.02 | 131.72 |
| P3 | 133.65 | 137.18 | 144.10 |
Support and Resistance Plot Chart for CTXS
Long Term Trading Plans for CTXS
February 22, 2021, 4:45 pm 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
The technical summary data tells us to buy CTXS near 131.72 with an upside target of 144.10. This data also tells us to set a stop loss @ 131.34 to protect against excessive loss in case the stock begins to move against the trade. 131.72 is the first level of support below 135.1 , and by rule, any test of support is a buy signal. In this case, support 131.72 is being tested, a buy signal would exist.
CTXS - (Short) Resistance Plan
The technical summary data is suggesting a short of CTXS as it gets near 144.10 with a downside target of 131.72. We should have a stop loss in place at 144.52though. 144.10 is the first level of resistance above 135.1, and by rule, any test of resistance is a short signal. In this case, if resistance 144.10 is being tested, a short signal would exist.
Blue = Current Price
Red= Resistance
Green = Support
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