We recently wrote about Citrix Systems Inc. (CTXS) where we recommended, "Working remotely could be the new normal and that could go a long way to explaining the rally in CTXS. Traders could go long CTXS on any dip towards $135, risking below $120, looking for gains to the $213 area."
Let's look at two current charts of CTXS.
In the updated daily bar chart of CTXS, below, we can see that prices are close to making a new high close for the move up. Prices are above the rising 50-day moving average line and the rising 200-day moving average line.
Trading volume has increased this month and the On-Balance-Volume (OBV) line is close to making a new high for the move up. The Moving Average Convergence Divergence (MACD) oscillator continues in a bullish pattern.