The Lightning Round segment of Mad Money on Wednesday's program did not disappoint. One caller asked Jim Cramer about Citrix Systems Inc. (CTXS) . "They're consolidating right now but this is a good group," said Cramer about the software company that provides "server, application and desktop virtualization, and cloud computing technologies."
Let's check out the charts.
In the daily Japanese candlestick chart of CTXS, below, we can see that prices have performed well over the past 12 months. There was a correction from late January to the end of February but prices turned upward again ahead of the broader market low in mid-March. The 50-day moving average line is pointed up and is being tested from above. The rising 200-day moving average line was successfully tested back in March.
The On-Balance-Volume (OBV) line has been in an uptrend from August and now only shows a very slight dip. The trend-following Moving Average Convergence Divergence (MACD) oscillator has been in a decline and is close to test/cross the zero line.



