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Paychex Inc Shares Up 19.1% Since SmarTrend's Buy Recommendation (PAYX)

By Nick Russo

SmarTrend identified an Uptrend for Paychex Inc (NASDAQ:PAYX) on January 10th, 2019 at $66.73. In approximately 2 months, Paychex Inc has returned 19.08% as of today's recent price of $79.46.

Over the past year, Paychex Inc has traded in a range of $59.36 to $79.46 and is now at $79.46, 34% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.5%.

Paychex, Inc. provides comprehensive payroll and integrated human resource and employee benefits outsourcing solutions for small to medium-sized businesses in the United States. The Company's services range from calculating payroll and filing tax payments to administering retirement plans and workers' compensation.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Paychex Inc shares.

Log in and add Paychex Inc (PAYX) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights paychex inc

Ticker(s): PAYX