My favorite stock right now- CTXS

Discussion in 'Stocks' started by NY_HOOD, Aug 5, 2013.

  1. NY_HOOD


    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.
  2. NY_HOOD


    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 .
  3. riddler


    Where is a good entry point?
  4. NY_HOOD


    You could start buying now at 72.75 -73 area. Its been consolidating/ resting the past week so i am comfortable.