Citrix is down 5.63% today. 5 Day EMA has dropped below 13 day EMA, MACD is also declining. Institutions have sold 19.6mm share over the last quarter, and insiders have sold nearly 37% of their holding over the same timeframe. Is integrated desktop virtualization solutions succumbing to lower PC sales reported by HP and Dell?
ctxs was hit hard... it started heading back up even before the market started to, theres a chance it will continue higher tomorrow..but one thing is for sure, you aren't long and you are more than likely short
Actually I do not have a position in Citrix either long or short, but have been following the stock and considering an entry. I would rather miss a bit on the way up rather than catch a falling knife. I was soliciting other opinions, such as yours...I appreciate your comments.