From both a technical and fundamental perspective. CTXS delivered solid results last week and the stock blew through both the 200 and 50 dma after forming a double bottom around 58. Look for support around 66-67 . Currently around 72. I like the company's cloud based story as a " one stop shop" for customers . Cloud is a hot market right now. I think this stock has an easy 10 points in it, if not more. I got in at 68 for a longer term hold with a stop at 66.
If you look at a 3 year chart, you will see that CTXS is poised to explode higher. Caution : it did have a nice run so it is possible that it consolidates/ moves a bit a lower where i would buy more. My feeling is CTXS at least touches the mid 80's , 85-88. First stop where you could think about selling would be the 82 area.that would be about 10 points higher from here. I like the stocks technicals as well as the fundamentals. 2 other cloud based stocks are VMW and FFIV but i am NOT fond of their respective charts at the moment. Another word of caution: strength means nothing if the market starts selling off .
You could start buying now at 72.75 -73 area. Its been consolidating/ resting the past week so i am comfortable.