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Paycom Software Rises 6.46% on Heavy Volume: Watch For Potential Pullback

By Amy Schwartz

Paycom Software (NYSE:PAYC) traded in a range yesterday that spanned from a low of $199.47 to a high of $218.44. Yesterday, the shares gained 6.5%, which took the trading range above the 3-day high of $216.85 on volume of 520,000 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 tracking the current trend status for Paycom Software and will alert subscribers who have PAYC in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Paycom Software share prices have been bracketed by a low of $174.02 and a high of $342.00 and are now at $210.32, 21% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 2.1%.

Keywords: rebounders paycom software

Ticker(s): PAYC