NEW DIRECTIONAL CALL PLAYS
Citrix Systems - CTXS - close: 80.45 change: +0.33
Stop Loss: 77.75
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see below
Why We Like It:
Shares of this business software stock appear to be in breakout mode. Friday saw a breakout past resistance near the 50-dma. Broken resistance near $78 provided new support today and CTXS closed above the $80.00 mark.
The intraday high today was $80.67. I am suggesting a trigger to buy calls at $80.75. We'll use a stop loss at $77.75. Our target is $86.50.
Trigger @ 80.75
- Suggested Positions -
buy the Jul $82.50 call (CTXS1221G82.5) current ask $2.55
Entry on June xx at $ xx.xx
Earnings Date 07/25/12 (unconfirmed)
Average Daily Volume = 2.0 million
Listed on June 18, 2012