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Paychex Bullish Moving Average Crossover Alert (PAYX)

By David Diaz

Today, shares of Paychex (NASDAQ:PAYX) have advanced above their 10-day MA of $52.01 on a volume of 333K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Paychex share prices have moved between a 52-week high of $54.78 and a 52-week low of $41.59 and are now trading 26% above that low price at $52.25 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

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

Keywords: moving crosses paychex

Ticker(s): PAYX