NEW DIRECTIONAL CALL PLAYS

Citrix Systems - CTXS - close: 69.44 change: +0.67

Stop Loss: 67.45
Target(s): Feb calls: $74.75, Mar calls: $76.50
Current Option Gain/Loss: Unopened
Time Frame: 2 to 4 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
CTXS is a business software company. The stock has bounced back toward key resistance near $70 and its simple 200-dma. If you look at the weekly chart you can see that shares are in a wide pennant formation.

I am suggesting a trigger to open small bullish call positions at $70.50 with a stop loss at $67.45. Our target is $74.75 for the February calls and $76.50 for the March calls. There are less than two weeks left for February calls.

(buy calls) Trigger @ 70.50 (small positions!)

- Suggested Positions -

buy the Feb $70 calls (CTXS1218B70)

- or -

buy the Mar $70 calls (CTXS1217C70)

Annotated Chart:

Weekly Chart:

Entry on February xx at $ xx.xx
Earnings Date 04/26/12 (unconfirmed)
Average Daily Volume = 2.4 million
Listed on February 06, 2012