Citrix (CTXS) Offering Possible 21.95% Return Over the Next 30 Calendar Days

Citrix's most recent trend suggests a bearish bias. One trading opportunity on Citrix is a Bear Call Spread using a strike $140.00 short call and a strike $150.00 long call offers a potential 21.95% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $140.00 by expiration. The full premium credit of $1.80 would be kept by the premium seller. The risk of $8.20 would be incurred if the stock rose above the $150.00 long call strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Citrix is bullish and the probability of a rise 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 67.74 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

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Citrix Systems to Announce First Quarter 2020 Financial Results Before Market Open on Thursday, April 23
Thu, 09 Apr 2020 20:05:00 +0000
Citrix Systems, Inc. (NASDAQ:CTXS), today announced that it plans to report financial results for the first quarter ended March 31, 2020 on Thursday, April 23, 2020 before market open. At approximately 7:05 a.m. ET the first quarter 2020 earnings letter discussing financial results, quarterly highlights, and business outlook will be posted at http://www.citrix.com/investors. A conference call will begin at 8:15 a.m. ET to address questions. The call will be accessible via webcast by visiting the Investor Relations section of the Citrix corporate website at http://www.citrix.com/investors.

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