• Return to Headlines

Bullish Moving Average Cross by Paychex Inc (PAYX)

By Amy Schwartz

Today, shares of Paychex Inc (NASDAQ:PAYX) have crossed bullishly above their 10-day moving average of $83.20 on a volume of 135K 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, Paychex Inc share prices have been bracketed by a low of $60.13 and a high of $84.50 and are now at $83.63, 39% above that low price. The 200-day and 50-day moving averages have moved 0.36% higher and 0.79% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Paychex Inc on January 10th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $66.73. Since that recommendation, shares of Paychex Inc have risen 24.1%. We continue to monitor PAYX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses paychex inc

Ticker(s): PAYX