BUY! CITRIX SYSTEMS INC (CTXS) Nasdaq

  Report No. 2433    Analysis by: Harry Aloof     JUNE 18, 2012

CITRIX SYSTEMS INC (CTXS-Nasdaq): Technical Viewpoint: From a low of $74.13 on Apr 24, 2012 prices rallied, reaching a high of $87.99 on Apr 26, 2012. A decline saw prices pull back, reaching a low of $69.89 on Jun 4, 2012. Another rally saw prices penetrate resistance, closing 6/15/12 at $80.12. Technicals: MACD Index (MACD): A Buy Alert! was given on Jun 11, 2012 when the solid line crossed the dotted line to the upside. Support: Remains at $75.00. Resistance: Is at $80.31. Point & Figure: Reversed to the upside on Jun 5, 2012. A P&F upside reversal takes place at $77.00. Summary: Technical indicators have turned bullish. BUY! CITRIX SYSTEMS INC (CTXS-Nasdaq) @ $80.25 Stop: Use a protective stop of $77.50. CITRIX SYSTEMS INC is currently trading @ $80.12 plus $3.37 on Jun 15, 2012. Price Objective: $91.00. Risk/Reward: $2.75 VS. $10.75. Today's Risk Reward Ratio: 3:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$91.00 Risk/Reward:
$2.75 VS. $10.75 Risk/Reward Ratio:
3:1
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