In The Cloud

Posted by StockBuz on February 11, 2011 at 5:59pm

In an age where cloud computing is all the rage, think *Go To Meeting*. This chart of CTXS reveals its setting up for another 10% move higher which would also coincide with the 61.8% retracement of the 2000 selloff. Doesn't mean that it stops their either but that would be my 1st target; them move up the stop on the balance. Wait for the breakout to jump in............

Comments

Admin

StockBuz April 2, 2011 at 4:42pm

CTXS has now broken out with a target of $78-82. I plan to take a partial @ $78, move stop on balance to break even and take another 1/3 near $82. See where the cloud takes us from there.

This reply was deleted.

Pardon our dust as this page is undergoing a facelift. Please report any difficulties you may experience during this phase. Contact us

***********

You're welcome to add new charts and photos using the "Add" button found at the top/right.

Be certain to give each a TITLE
Select a category that best fits
Select more than one category by holding down the "CTRL" key when selecting the second or third category.
Add "tags" which best describe your chart so it can be located by search engines. (ex. Apple stock, AAPL, long trade)
Since we don't charge for our trade ideas, please pay with a Tweet