CITRIX SYS INC

A buy into sub $55

Posted this when it was in the handle stage to look for a break higher

Posted couple of days ago regarding this..

There are rumors among major shareholders that Soul And Vibe (SOUL) is interested in selling. I think a deal may already be in the works.

looking for breaking the previous swing high resistance, and retest 83, the ndown to 79

I hope no explanation is needed here.

Citrix has recently broken out to the topside of a major symmetrical triangle forming since May 2011 in the context of a bull trend dating back to early 2009. On the monthly chart, initial target around $88.50 (highs from 2011), with the $100 round number as the second target and the all time highs around the 120's as third target. As prices consolidated within ...

3 year Inverse Head and Shoulders Brake_Out. Holding above Neck_Line break_Out level projects to potential 88 - 95 resistance and measured target. Forming a 2 year relative bottom versus S&P 500.

Notes on chart

Notes on chart. Most recent pattern appears to be a break down of a Falling Wedge.

Citrix Systems Daily Broke out from an 8 month IHS pattern, MACD bullish. Staying above median line, retest to neckline possible. Vs S&P500 constructive. 52 Week Price Range : 51.1800 - 77.1600 EPS 0.50 vs 0.38 Targets: 65.85, 70, 75

Big Picture: US markets are strong, so I like long ideas. Despite, this stock looks weak I think if market break up failure scenario will come into play money will rotate from stocks that are on highs to underperforming stocks. And if market will continue showing strength momentum will cautch up this stock as well. This technology company grew up from $20 since ...

Notes on chart

An immediate drop after a retest of 0.382 level or a drop after a false break formed at prior highs expected. Watch for any sign of weakness at these two important levels. For further information about my trading style, live trading videos and analyses, subscribe to my YouTube Channel: http://bit.ly/1ba2SPJ

See our full analysis at http://investazor.com/2013/06/27/trade-setup-citrix-systems-ctxs-retested-the-trend-line/