Watch For Today's Momo Momentum Stock: Citrix Systems (CTXS)

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified Citrix Systems ( CTXS) as a momo momentum candidate. In addition to specific proprietary factors, Trade-Ideas identified Citrix Systems as such a stock due to the following factors:

  • CTXS has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $243.7 million.
  • CTXS has a PE ratio of 52.
  • CTXS is currently in the upper 30% of its 1-year range.
  • CTXS is in the upper 25% of its 20-day range.
  • CTXS is in the upper 35% of its 5-day range.
  • CTXS is currently trading above yesterday's high.
  • CTXS has experienced a gap between today's open and yesterday's close of 0.6%.

'Momo Momentum' stocks are valuable stocks to watch for a variety of reasons including historical back testing and price action. Market technicians refer to such stocks as being in a mark-up phase before a possible distribution period and price decline. Technical analysts and traders frequently find that the factors referenced above tend to create a temporary burst of strong wind in a stock's sail. Nevertheless, all successful traders must excel at maximizing gains while keeping losses to an absolute minimum. For that reason, the holding period on momo momentum stocks must always be a primary consideration, and this part of the puzzle is ultimately at the discretion of each individual's risk tolerance and portfolio risk management skills.

If you liked this article you might like

Pret A Manger Takeover in the Works; Cisco's M&A Shackles Come Off - ICYMI

John Chambers' Exit From Cisco Could Pave the Way for Big Moves

Equifax CEO and Board Are Pretty Cozy

Equifax Is a Disaster, Jim Cramer Says

Jim Cramer Calls for Firing of Equifax CEO Richard Smith; Challenges Board