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Paycom Software: 52-Week High Recently Eclipsed (PAYC)

By Shiri Gupta

Paycom Software (NYSE:PAYC) traded today at a new 52-week high of $75.55. Approximately 101,000 shares have changed hands today, as compared to an average 30-day volume of 517,000 shares.

Paycom Software (NYSE:PAYC) is currently priced 7.7% above its average consensus analyst price target of $69.30. The stock should find initial support at its 200-day moving average (MA) of $36.08 and further support at its 50-day MA of $34.70.

Paycom Software, Inc. designs and develops software solutions. The Company provides data analytical software products to manage the employment life cycle from recruitment to retirement. Paycom Software serves customers in the United States.

In the past 52 weeks, Paycom Software share prices have been bracketed by a low of $38.94 and a high of $75.55 and are now at $75.08, 93% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.3% while the 200-day MA has risen 0.2%.

SmarTrend recommended that subscribers consider buying shares of Paycom Software on July 24th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $70.85. Since that recommendation, shares of Paycom Software have risen 5.3%. We continue to monitor PAYC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows paycom software

Ticker(s): PAYC