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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Shares have rebounded smartly to challenge the declining 50-day moving average line.
The detrended Rydex ratio remains very bullish.
When I scan the restaurant space, I remain perplexed, wondering not only when they might be able to reopen, but also how quickly consumers will come back, and to what degree?
This is still a very difficult market for individual stock picking as the action is strongly correlated.