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If history is any guide, there may be good fortune ahead for shares of Citrix Systems (NASDAQ:CTXS). A so-called "golden cross" has formed on its chart and, not surprisingly, this could be bullish for the stock.
What To Know: Many traders use moving average crossover systems to make their decisions.
When a shorter-term average price crosses above a longer-term average price, it could mean the stock is trending higher. If the short-term average price crosses below the long-term average price, it means the trend is lower.
Why It's Important: The 50-day and the 200-day simple moving averages are commonly used.
The golden cross occurs when the 50-day crosses above the 200-day. This could mean the long-term trend is changing.
That just happened with Citrix Systems, which is trading around $101.05 at publication time.
![](https://www.benzinga.com/files/images/story/2022/1648046898_0.png)
Remember: Seasoned investors don't blindly trade Golden Crosses.
Instead, they use it as a signal to start looking for long positions based on other factors, like price levels and company fundamentals & events.
For seasoned investors, this is just a sign that it might be time to start considering possible long positions.
With that in mind, take a look at Citrix Systems's past and upcoming earnings expectations:
Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
---|---|---|---|---|
EPS Estimate | 1.08 | 0.95 | 1.19 | 1.43 |
EPS Actual | 1.47 | 1.20 | 1.24 | 1.42 |
Revenue Estimate | 830.02M | 778.60M | 845.97M | 797.64M |
Revenue Actual | 850.85M | 778.45M | 812.11M | 775.77M |
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This article was generated by Benzinga's automated content engine and reviewed by an editor.