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CITRIX SYSTEMS
(CTXS-Nasdaq):
Technical Viewpoint: From a low
of $57 1/4 on Sep 30, 1999 prices
rallied, reaching a
high of $68 3/8
on Oct 12, 1999. A
decline saw prices pull back, reaching a
low of
$56 1/4 on Oct 18, 1999.
Another rally saw prices penetrate
resistance, closing 11/2/99
at $59 1/8. Technicals: MACD Index (MACD): A Buy Alert!
was given on Nov 1, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $59 1/2. Resistance: Is at $69.94.
Point & Figure: Reversed to the upside on Oct 29, 1999. A P&F upside
reversal takes place at $64 1/2. Summary: Technical indicators have turned bullish. BUY! CITRIX SYSTEMS
(CTXS-Nasdaq) @ $70 1/8 Stop: Use a protective stop of $67 1/4.
CITRIX SYSTEMS is currently trading @ $59 1/8 plus $4 5/8 on Nov 2, 1999. Price Objective:
$97 1/2. Risk/Reward: $2 7/8 VS. $27 3/8. Today's Risk Reward Ratio: 9:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$97 1/2
Risk/Reward:
$2 7/8 VS. $27 3/8
Risk/Reward Ratio:
9:1
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