Citrix (CTXS) Offering Possible 6.38% Return Over the Next 23 Calendar Days

Citrix's most recent trend suggests a bullish bias. One trading opportunity on Citrix is a Bull Put Spread using a strike $67.50 short put and a strike $62.50 long put offers a potential 6.38% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $67.50 by expiration. The full premium credit of $0.30 would be kept by the premium seller. The risk of $4.70 would be incurred if the stock dropped below the $62.50 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Citrix is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Citrix is bullish.

The RSI indicator is at 78.92 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Citrix

Stock Futures Edge Higher After Tuesday's Heavy Losses
Wed, 23 Sep 2015 12:39:00 GMT

Exclusive: Citrix in last-ditch attempt to sell itself – sources
Tue, 22 Sep 2015 23:44:24 GMT
Reuters – Citrix, which had attracted the interest of private equity investors before it agreed in July to give Elliott a seat on its board of directors, is having new conversations with buyout firms, the people said this week. The company, which has a market capitalization of $11.6 billion, has also reached out to other technology firms to solicit interest, including Dell Inc[DI.UL], the computer maker that was taken private two years ago by its founder Michael Dell and private equity firm Silver Lake Partners LP, the people added. Citrix announced in July it would explore strategic alternatives for its GoTo family of products, including videoconferencing and desktop sharing service GoToMeeting.

Exclusive: Citrix in last-ditch attempt to sell itself – sources
Tue, 22 Sep 2015 23:44:24 GMT
Reuters – Citrix, which had attracted the interest of private equity investors before it agreed in July to give Elliott a seat on its board of directors, is having new conversations with buyout firms, the people said this week. The company, which has a market capitalization of $11.6 billion, has also reached out to other technology firms to solicit interest, including Dell Inc[DI.UL], the computer maker that was taken private two years ago by its founder Michael Dell and private equity firm Silver Lake Partners LP, the people added. Citrix announced in July it would explore strategic alternatives for its GoTo family of products, including videoconferencing and desktop sharing service GoToMeeting.

Exclusive: Citrix in last-ditch attempt to sell itself – sources
Tue, 22 Sep 2015 22:57:18 GMT

Exclusive: Citrix in last-ditch attempt to sell itself – sources
Tue, 22 Sep 2015 22:55:01 GMT

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