CTXS was a watch list pick and a gap up play. It became a buy as it took out its pre-market high. As ususal 50% profits were locked in at the 10:00 reversal time. A midday attempt to break out failed, however, since CTXS closed near its highs, we will be looking to buy on a high volume break of today's high again tomorrow. Hopefully, we will have better market conditions. Today felt like the summer doldrums.
Monday, April 10, 2006
Trade of the Day - CTXS
CTXS was a watch list pick and a gap up play. It became a buy as it took out its pre-market high. As ususal 50% profits were locked in at the 10:00 reversal time. A midday attempt to break out failed, however, since CTXS closed near its highs, we will be looking to buy on a high volume break of today's high again tomorrow. Hopefully, we will have better market conditions. Today felt like the summer doldrums.
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