Citrix's most recent trend suggests a bearish bias. One trading opportunity on Citrix is a Bear Call Spread using a strike $57.50 short call and a strike $62.50 long call offers a potential 19.05% return on risk over the next 33 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $57.50 by expiration. The full premium credit of $0.80 would be kept by the premium seller. The risk of $4.20 would be incurred if the stock rose above the $62.50 long call 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 down which suggests that the medium-term momentum for Citrix is bearish.
The RSI indicator is at 26.11 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Citrix
A Billion Smartphone Users May Be Affected by the Heartbleed Security Flaw
Fri, 11 Apr 2014 22:39:00 GMT
Forbes – Heartbleed may be a billion times worse than you thought. The Internet security world and the media have sounded alarms about potential vulnerabilities for consumers using “desktop” browsers to visit websites that may be running bogus server code. Yet little attention has been paid to the global problem of 40-60 billion […]
Citrix Systems to Announce First Quarter 2014 Financial Results on Wednesday, April 23
Thu, 10 Apr 2014 20:05:00 GMT
Business Wire – Citrix Systems, Inc. , today announced that it plans to report financial results for the first quarter ended March 31, 2014 on Wednesday, April 23, 2014 after market close.
Citrix to Enhance Apps for Chromebook
Wed, 09 Apr 2014 18:00:11 GMT
Updated Research Report on Citrix
Wed, 09 Apr 2014 14:20:06 GMT
Zacks – On Apr 8, 2014, we issued an updated research report on Citrix Systems Inc.
Will This Price Target Cut Hurt Citrix (CTXS) Stock Today?
Wed, 09 Apr 2014 13:39:00 GMT
TheStreet – Jefferies cuts its price target for Citrix (CTXS) to $65 from $70, citing lukewarm survey results in the mobile and desktop segments
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