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Bearish Moving Average Cross by Paycom Software (PAYC)

By Amy Schwartz

Today, shares of Paycom Software (NYSE:PAYC) have fallen below their 10-day MA of $214.64 on a volume of 135K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Paycom Software have traded between a low of $107.46 and a high of $259.71 and are now at $209.45, which is 95% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has risen 0.7%.

SmarTrend is tracking the current trend status for Paycom Software and will alert subscribers who have PAYC in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses paycom software

Ticker(s): PAYC