However, CTXS fails to maintain traction and closes below the open. This washes out many momentum players including myself. I never take them home if they're against me. Yet, I realize the jury is still out as CTXS may have closed poorly but it was still up on the day. The nature of trends is for stocks to thrust, pause, and pivot back in the direction of the emerging and mature trends.
Stocks often stutter, stop and head fake before continuation prevails.
Hey, Magic Johnson could fake one way and head the other in a fast break. As you've heard me say before. On Friday Jan. 14, the die appears to be cast. CTXS fails to follow through to the downside after Thursday's poor close. Still, I'm wary of another false pop up on the open that could quickly fade.