Citrix Systems (CTXS) is in an uptrend. Let me say that again - Citrix Systems is in an uptrend. Now that I have your attention, let's check the charts and indicators of this company that creates "software that allows the individuals of an enterprise to work and collaborate remotely regardless of device or network". Just what we need today.
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Plus, the market has bad breadth and PC and operating system makers should benefit from virus-inspired home-based schooling.
While valuations still aren't as high as they got in 2000, a lot of recent investor behavior feels very familiar.
The market can continue this way for a long time, and that would be bearish. It's also one of three paths I see it going from here.
The close Thursday was not as strong as on Wednesday, but it was a decent bounce on the Nasdaq. Let's dig in.