When Citrix Systems (CTXS) Moves Investors should Listen

August 23, 2022, 04:45 am ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

How do we know what is going on #behindthescenes of a company?  According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The  Citrix Systems (NASDAQ: CTXS) report below is a real world example. Included are trading plans for CTXS, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports. 

Longer Term Trading Plans for CTXS

• Buy CTXS slightly over 99.55 target 106.00 stop loss @ 99.26 Details

The technical summary data tells us to buy CTXS near 99.55 with an upside target of 106.00. This data also tells us to set a stop loss @ 99.26 to protect against excessive loss in case the stock begins to move against the trade. 99.55 is the first level of support below 102.97 , and by rule, any test of support is a buy signal. In this case, support 99.55 is being tested, a buy signal would exist.

• Short CTXS under 106.00, target 99.55, stop loss @ 106.31 Details

The technical summary data is suggesting a short of CTXS as it gets near 106.00 with a downside target of 99.55. We should have a stop loss in place at 106.31though. 106.00 is the first level of resistance above 102.97, and by rule, any test of resistance is a short signal. In this case, if resistance 106.00 is being tested, a short signal would exist.

Swing Trading Plans for CTXS

• Buy CTXS slightly over 103.41, target 106.00, Stop Loss @ 103.11 Details

If 103.41 begins to break higher, the technical summary data tells us to buy CTXS just slightly over 103.41, with an upside target of 106.00. The data also tells us to set a stop loss @ 103.11 in case the stock turns against the trade. 103.41 is the first level of resistance above 102.97, and by rule, any break above resistance is a buy signal. In this case, 103.41, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short CTXS near 103.41, target 102.94, Stop Loss @ 103.71. Details

The technical summary data is suggesting a short of CTXS if it tests 103.41 with a downside target of 102.94. We should have a stop loss in place at 103.71 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 103.41, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for CTXS

• Buy CTXS slightly over 103.41, target n/a, Stop Loss @ 103.17 Details

If 103.41 begins to break higher, the technical summary data tells us to buy CTXS just slightly over 103.41, with an upside target of n/a. The data also tells us to set a stop loss @ 103.17 in case the stock turns against the trade. 103.41 is the first level of resistance above 102.97, and by rule, any break above resistance is a buy signal. In this case, 103.41, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short CTXS near 103.41, target 102.94, Stop Loss @ 103.65. Details

The technical summary data is suggesting a short of CTXS if it tests 103.41 with a downside target of 102.94. We should have a stop loss in place at 103.65 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 103.41, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

CTXS Ratings for August 23:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Neutral
P1	0	0	92.34
P2	102.70	102.94	99.55
P3	103.03	103.41	106.00

Support and Resistance Plot Chart for CTXS

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