Citrix Systems (CTXS) was discussed by Jim Cramer in his column, Here Are the Quarter's Winners, Losers.
We wrote about CTXS last month where we said, "Continue to trade/invest in CTXS from the long side. Our initial price target is $213 and $290 is our potential longer-term price objective."
Let's check the charts again today to see if everything still looks strong.
In this daily bar chart of CTXS, below, we can see that everything remains in a bullish mode. Prices are close to making a new high close for the move. The slopes of both moving averages remain positive.
The On-Balance-Volume (OBV) line is close to making a new high for the move up to confirm and support the gains.
The Moving Average Convergence Divergence (MACD) oscillator is still bullish.
In this weekly bar chart of CTXS, below, we have a bullish picture - rising price, rising volume and bullish indicators.
In this daily Point and Figure chart of CTXS, below, we can see a price target of $213. A dip to $136 might shake out new longs and a trade at $148 will refresh the uptrend.
Bottom line strategy: Continue to hold longs previously recommended. Consider adding to longs above $148.
