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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum

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To: Jeff Jordan who wrote (2022)1/17/2001 1:06:10 PM
From: JeanD  Read Replies (2) of 6445
 
Briefing had this on CTXS (my Uncle owns it so I paid attention :-)

10:17 ET Citrix Systems (CTXS) 29 3/8 +1 13/16 (+6.5%): -- Technical -- Closing in on resistance near 30-30 9/16 (200 day simple ma/Dec high) with the 7 month high at 32 1/16. Daily indicators are a bit top heavy raising the possibility that some correction action near these resistances is possible. However, a sustained penetration leaves little chart resistance in the way of the 38/40 area. Initial support is in the 28 1/2-28 area.
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