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Paychex Crosses Below its 10-day MA (PAYX)

By James Quinn

Today, shares of Paychex (NASDAQ:PAYX) have crossed bearishly below their 10-day moving average of $56.13 on a volume of 399K shares. This may provide swing traders with 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 Paychex have traded between a low of $41.59 and a high of $61.87 and are now at $55.51, which is 33% above that low price. 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