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Paycom Software Set to Possibly Pullback After Yesterday's Rally of 2.61%

By Amy Schwartz

Paycom Software (NYSE:PAYC) traded in a range yesterday that spanned from a low of $107.38 to a high of $110.40. Yesterday, the shares gained 2.6%, which took the trading range above the 3-day high of $107.65 on volume of 305,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Paycom Software share prices have been bracketed by a low of $64.50 and a high of $118.45 and are now at $110.05, 71% above that low price. The 200-day and 50-day moving averages have moved 0.48% higher and 0.45% lower over the past week, respectively.

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

Keywords: rebounders paycom software

Ticker(s): PAYC