CTXS - a decent LONG setup for a strong company

Citrix Systems provides enterprise-level virtualization software products. It has solid fundamentals. Net Margin is 19.3%, Return on Capital is 286% and currently it is traded at 15.2 Price-to-Free-Cash-Flow. That does not make it “cheap” but its a reasonable valuation for a profitable company with efficient capital allocation.

CTXS topped with the main indices in late August 2018. Since then it has been in a textbook triangle shaped consolidation.

At this point the pullback looks fully completed. From here we should get a strong rally at first targeting the Sep 2018 top in wave ( A ) of ( 5 ) up.

CTXS - 45 min chart updated on 12 March 2019

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