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Paycom Software Rises 1.66% on Heavy Volume: Watch For Potential Pullback

By Amy Schwartz

Paycom Software (NYSE:PAYC) traded in a range yesterday that spanned from a low of $294.36 to a high of $302.49. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $300.61 on volume of 109,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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

Over the past year, Paycom Software has traded in a range of $169.06 to $342.00 and is now at $301.29, 78% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.7%.

Keywords: rebounders paycom software

Ticker(s): PAYC