• Return to Headlines

Bullish Moving Average Cross by Paychex Inc (PAYX)

By Shiri Gupta

Paychex Inc (NASDAQ:PAYX) crossed over its 10-day moving average of $61.71 on a volume of 382K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Paychex Inc have traded between a low of $47.87 and a high of $90.54 and are now at $62.83, which is 31% above that low price. The 200-day and 50-day moving averages have moved 0.76% lower and 3.41% lower over the past week, respectively.

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

Keywords: moving crosses paychex inc

Ticker(s): PAYX