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SmarTrend Watching for Potential Pullback in Shares of Paylocity Holdin After 7.40% Gain

By James Quinn

Paylocity Holdin (NASDAQ:PCTY) traded in a range yesterday that spanned from a low of $96.92 to a high of $104.50. Yesterday, the shares gained 7.4%, which took the trading range above the 3-day high of $91.46 on volume of 1.4 million 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 Paylocity Holdin and will alert subscribers who have PCTY in their portfolio or watchlist when shares have changed trend direction.

Paylocity Holdin share prices have moved between a 52-week high of $150.73 and a 52-week low of $66.98 and are now trading 47% above that low price at $98.46 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 3.1%.

Keywords: rebounders paylocity holdin

Ticker(s): PCTY