Citrix Systems Inc. traded below a long-term falling trend-line for several years (dotted line). The price action above this trend-line (A) signalled renewed investor interest and the start of a new up-trend.
The subsequent pullback to the 40-week moving average (40wMA – B) should provide a good entry level. Behaviour indicators including the rising 40wMA and the rising trend-line (solid line) confirm the positive status.
Only a sustained decline below $64-$65 (U.S.) would be negative. Point & Figure measurements provide targets of $79 and $84. Higher targets are visible.
Chart source: http://www.decisionplus.com/.