December 10, 2009

Citrix finds support

By Arthur Hill
Chart Pattern
After a gap and sharp decline in October, Citrix (CTXS) found support near its resistance breakout (~37). Bounces in early November and early December confirm support in the 37-38 area. With a triangle consolidation taking shape the last six weeks, the direction of the breakout holds the key to the next move.

091210ctxs Click chart for more details.

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