Hello-
I am new to this thread, but am long CTXS, having bought yesterday. I use TA to help determine when to buy and when to sell. I want to share a Web site URL (a pay site) that would be very helpful for anyone new to this board.
Stockconsultant.com
stockconsultant.com
The cost of participating in this site is $11.95 per month.
One can purcahse a week trial for $3.50, or an initial month trial for $7.95 to try it out.
I keep a watch list of about 100 stocks on this site. Near the close today, I ran a four page report, BasicPlus Consulting, which is an excellent TA tool for investors.
It suggests that CTXS is a MILD BUY. The overall rating is 70% bullish, 30% bearish. It gives Positioning Indicators, such as intermediate trend, overbought/oversold, 1 month trend, short-term direction, 1 day price chage, and resistance/support areas. It also gives Timing Indicators, as well as a one year Candlestick chart. It specifies where the support/resistance areas are relative to the current price.
The best part of the report are Targets for Upside Trades and Targets for Downside Trades.
Upside Targets
# 1 Price $93.76
Target potential: Good, there are 3 resistance areas on the way, with strenth ratings (1-10, one being weak, 10 being strong). There are three resistance areas, with strength ratings of 1,1, and 2, or weak resistance areas.
# 2 Price $99.37
Downside Trades
# 1 Price $73.45
Target Potential: Excellent, there are 0 support areas on the way to target 1.
# 2 Price $66.15
For an extreme pullback.
Given the last two days of trading in this volatile stock, I am long the June 70 calls, and short the April 65 puts.
I purchased over the weekend and short term downside insurance for my puts near the close today, as the price action on the close was so disappointing.
The opportunities are great for investors, but more downside cannot be ruled out, based on today's close and needs to be considered in this equation.
Good luck to all the longs. |
