Citrix Systems (CTXS) NewsBite - CTXS Hits 52-Week High

Citrix Systems (NasdaqNM: CTXS) hit a new 52-Week high of $41.92 so far today. Currently the stock is up $0.41 (0.98%) to $41.65 on 1,733,572 shares traded. Today's high is up $22.65 from a 52-Week Low of $19.00. Citrix Systems stock has been showing support around $39.38 and resistance in the $42.26 range. Technical indicators for the stock are bearish and S&P gives CTXS a negative 2 STARS (out of 5) sell ranking. After setting a new 52 week high yesterday, Citrix Systems continued its strong upward trend today to set another new 52 week high, as the entire Internet Software and Services industry has been on the rise. If you are looking for a hedged play on CTXS the stock seems like it could be a candidate for a November out-of-the-money bull-put credit spread below the 35 range.

ABR-Seven Summits Strategic Investments NewsBite Goto www.iotogo.com/18w1 for our free report titled, The 18 Ways To Know When It's Time To Dump A Stock

Related terms: internet, S&P, software