Lachone

PAYX is the momentum build up, going to push it higher?

Long
NASDAQ:PAYX   Paychex, Inc.
PAYX had a really fantastic quarter. Today one of my tools pointed that the stock was mean-reverting, even though in a longer-term up-trend. Furthermore, on a Daily basis, we can clearly see that yesterday the stock bounced back from the 20D moving average. Another addition to the setup is the confirmation from one of my special indicators on an 1Hour frequency. There may be a high chance of a new leg higher.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.