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Citrix Systems Shares Sinking Lower, Down 1.2%

Published on Wed, 02/13/2013 - 11:33
By Adrienne Chilton

Citrix Systems (NASDAQ:CTXS) is one of today's biggest movers, down 1.2% to $72.71. The Dow is trading fractionally lower to 13,998 and the S&P is currently trading fractionally higher to 1,522.

Potential upside of 14.1% exists for Citrix Systems, based on a current level of $72.71 and analysts' average consensus price target of $82.94. The stock should find initial support at its 200-day moving average (MA) of $72.67 and further support at its 50-day MA of $67.60.

Citrix Systems, Inc. designs, develops, and markets technology solutions that allow applications to be delivered, supported, and shared on-demand. The Company develops and markets comprehensive solutions across all dimensions of application, server and desktop virtualization as well as application and network optimization.

In the past 52 weeks, shares of Citrix Systems have traded between a low of $56.57 and a high of $87.99 and are now at $72.71, which is 29% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.1%.

By Adrienne Chilton