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Shares of Paylocity Holdin Rise to a New 52-Week High

By Nick Russo

Shares of Paylocity Holdin (NASDAQ:PCTY) traded today at $68.51, breaking its 52-week high. So far today approximately 206,000 shares have been exchanged, as compared to an average 30-day volume of 230,000 shares.

Paylocity Holding Corporation is a provider of cloud-based payroll and human capital management, or HCM, software solutions for medium-sized organizations.

Paylocity Holdin (NASDAQ:PCTY) is currently priced 9.0% above its average consensus analyst price target of $60.92. The stock should find initial support at its 50-day moving average (MA) of $62.70 and further support at its 200-day MA of $53.91.

In the past 52 weeks, Paylocity Holdin share prices have been bracketed by a low of $41.15 and a high of $68.51 and are now at $66.94, 63% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.7%.

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

Keywords: 52 week high/lows paylocity holdin

Ticker(s): PCTY