On all the other times when CTXS has bounced sharply upward after pulling back, it has remained about the 100 day moving average. This past pullback, we are well below it, and thus below key support. Also, today's price patter is very bearish, as we opened higher and closed literally at the very low of the day. While it is possible for CTXS is have a bounce from here, any bounce should stop around $46 1/4 or so, IF it even gets that high. I am also long CTXS, and am concerned about its inability to keep pace with the broader market.
The only positive I see technically is that today's high was higher than yesterdays, while we were able to keep from making a new daily low.
On other comment, which is not criticism at all, but an observation. It seems that the majority of posts on this thread revolve around the business aspects of CTXS and its relationship to Microsoft, etc., and little to do with the stock itself and how it moves from day to day. |
