Citrix's most recent trend suggests a bearish bias. One trading opportunity on Citrix is a Bear Call Spread using a strike $60.00 short call and a strike $65.00 long call offers a potential 9.89% return on risk over the next 32 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $60.00 by expiration. The full premium credit of $0.45 would be kept by the premium seller. The risk of $4.55 would be incurred if the stock rose above the $65.00 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 48.31 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Citrix
Amazon: AWS a $50B Value, Says Evercore; $1B in ‘Marketplace' Apps by 2015
Mon, 18 Nov 2013 18:21:00 GMT
Barrons.com – Evercore Partners's Ken Sena today reiterates an Overweight rating on Amazon.com (AMZN) shares, and raises his price target to $450 from $400, based on his estimates for Amazon's “Amazon Web Services,” or AWS, cloud computing offering, after attending the company's “re:Invent” conference it held last week in Las Vegas for partners and application developers. Amazon shares today are up 20 cents at $369.37. Sena tries to size what AWS is worth to Amazon, and in particular, the “marketplace” component of third-party applications, hased on conversations with various parties at the show. He comes up with a valuation of $50 billion for AWS, or $110 per Amazon share, “or roughly $50bn, a 6x revenue multiple on our 2015 estimates of $8bn.” Amazon is following its ambition to move beyond merely providing computing infrastructure with AWS, writes Sena, and in the last year has broadened into a marketplace where companies large and small can sell various software capabilities.
Amazon: AWS a $50B Value, Says Evercore; $1B in ‘Marketplace' Apps by 2015
Mon, 18 Nov 2013 18:13:00 GMT
Barrons.com – Evercore Partners's Ken Sena today reiterates an Overweight rating on Amazon.com (AMZN) shares, and raises his price target to $450 from $4500, based on his estimates for Amazon's “Amazon Web Services,” or AWS, cloud computing offering, after attending the company's “re:Invent” conference it held last week in Las Vegas for partners and application developers. Sena tries to size what AWS is worth to Amazon, and in particular, the “marketplace” component of third-party applications, hased on conversations with various parties at the show. He comes up with a valuation of $50 billion for AWS, or $110 per Amazon share, “or roughly $50bn, a 6x revenue multiple on our 2015 estimates of $8bn.” Amazon is following its ambition to move beyond merely providing computing infrastructure with AWS, writes Sena, and in the last year has broadened into a marketplace where companies large and small can sell various software capabilities.
Capturing The Downside For Citrix Systems And Cisco
Mon, 18 Nov 2013 15:30:00 GMT
Forbes – The Fed-induced equity bubbles further inflated last week as stocks became more overvalued and more overbought. The ValuEngine.com valuation warning intensified to a new 2013 high with 85.35% of all stocks overvalued, 55.42% by 20% or more. All five major averages ended last week with positive but overbought weekly chart […]
Salesforce Picks BlueJeans For First Video Integration. But It's Complicated
Mon, 18 Nov 2013 12:00:00 GMT
Citrix Gains On News It Is Developing Apps For Google Glass
Fri, 15 Nov 2013 20:18:00 GMT
Barrons.com – Citrix Systems (CTXS) was making up some ground today from yesterday's fall, on news that it is developing apps for Google (GOOG) Glass. The South Florida Business Journal broke the news that Citrix is …
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