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SmarTrend Watching for Potential Pullback in Shares of Paycom Software After 1.93% Gain

By Nick Russo

Paycom Software (NYSE:PAYC) traded in a range yesterday that spanned from a low of $110.01 to a high of $113.75. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $110.86 on volume of 458,000 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 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.

Over the past year, Paycom Software has traded in a range of $62.17 to $118.45 and is now at $112.33, 81% above that low. The 200-day and 50-day moving averages have moved 0.56% higher and 0.11% higher over the past week, respectively.

Keywords: rebounders paycom software

Ticker(s): PAYC