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Paychex Inc Set to Possibly Rebound After Yesterday's Selloff of 1.80%

By Amy Schwartz

Paychex Inc (NASDAQ:PAYX) traded in a range yesterday that spanned from a low of $60.33 to a high of $61.70. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $61.26 on volume of 2.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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

Paychex Inc share prices have moved between a 52-week high of $73.10 and a 52-week low of $52.78 and are now trading 16% above that low price at $61.19 per share. The 200-day and 50-day moving averages have moved 0.18% higher and 0.09% higher over the past week, respectively.

Keywords: rebounders paychex inc

Ticker(s): PAYX