Citrix Systems Above Average Volume

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Citrix Systems Above Average Volume

Published on Wednesday, 08 February 2012 11:38 Written by TradersHuddle Wire

ctxs New York, February 8th (TradersHuddle.com) - Unusual high volume detected on shares of Citrix Systems, Inc. (NASDAQ:CTXS), early in the trading session. Citrix Systems is currently trading higher by 1.79%, so definitely the buyers stepping in, as the stock's volume is already above average.

Citrix Systems, Inc. (NASDAQ:CTXS) designs, develops, and markets technology solutions that allow applications to be delivered, supported, and shared on-demand. The only enterprise software company with end-to-end virtualization.

Citrix Systems has already traded 1.282 times its 3-month average volume, and has calculated support and resistance at $63.75 and $70.35 respectively. Traders like to use volume as their lie detector for price action moves through predefined trading ranges.

The overall market index S&P 500 is trading lower by -0.3% from its previous trading close, which means that Citrix Systems stock is outperforming the overall market.

Note - Automated Content Created By TradersHuddle's Technical Scanner

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