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Paychex Inc Crosses Above its 10-day MA (PAYX)

By Shiri Gupta

Today, shares of Paychex Inc (NASDAQ:PAYX) have advanced above their 10-day MA of $82.09 on a volume of 296K 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.

In the past 52 weeks, shares of Paychex Inc have traded between a low of $61.32 and a high of $88.43 and are now at $82.28, which is 34% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has declined 0.2%.

SmarTrend is monitoring the recent change of momentum in Paychex Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Paychex Inc in search of a potential trend change.

Keywords: moving crosses paychex inc

Ticker(s): PAYX