Citrix (CTXS) Offering Possible 9.89% Return Over the Next 29 Calendar Days

Citrix's most recent trend suggests a bullish bias. One trading opportunity on Citrix is a Bull Put Spread using a strike $140.00 short put and a strike $130.00 long put offers a potential 9.89% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $140.00 by expiration. The full premium credit of $0.90 would be kept by the premium seller. The risk of $9.10 would be incurred if the stock dropped below the $130.00 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Citrix is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Citrix is bullish.

The RSI indicator is at 69.71 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Citrix

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Tue, 14 Apr 2020 15:45:03 +0000
Signs of a slowdown in the number of hospitalizations and intensive-care admissions in New York and Europe has led to optimism over the reopening of the economy soon and improving activity in the near future.

Senators’ privileged information does not often result in market-beating returns, Dartmouth research team concludes
Tue, 14 Apr 2020 12:43:00 +0000
When senators buy or sell stocks, they usually do worse than broader benchmarks, new academic research finds.

Italian National Institute of Statistics Maintains Operations with Citrix
Tue, 14 Apr 2020 12:30:00 +0000
As COVID-19 continues to spread around the globe, business is anything but usual, particularly in Italy where coronavirus is taking a catastrophic toll. With the majority of the country in lock down, business has essentially shut down. Yet there is still a need to provide critical data to support the decisions of policy makers as they work to manage the crisis and eventually open things back up. The Italian National Institute of Statistics (ISTAT) provides much of this data. And leveraging remote work solutions from Citrix Systems, Inc. (NASDAQ: CTXS), it has been able to continue doing so while keeping its employees, and the country, safe.

12 Stocks That Are Beating the Market During the Coronavirus Crisis—and Can Keep on Growing After
Mon, 13 Apr 2020 15:49:00 +0000
Walmart, Dollar General, and a small group of other stocks have managed to beat the market this year. They should be able to keep doing it.

What Is Citrix Systems's (NASDAQ:CTXS) P/E Ratio After Its Share Price Rocketed?
Sun, 12 Apr 2020 12:30:55 +0000
Citrix Systems (NASDAQ:CTXS) shareholders are no doubt pleased to see that the share price has had a great month…

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