TradeTheTrends

PAYC, Time To Buy?

Long
NYSE:PAYC   Paycom Software, Inc
Hello fellow traders and investors, PAYC recently pulled back to the trendline that acts as a support and PAYC does a very good job of making a full recovery to the upper trendline.

Technicals:
  • The Macd indicates that it is oversold
  • The EMA's indicate that it is in a downtrend

    When To Buy:
  • When the Macd crosses its EMA
  • When the EMA's crossover indicating an uptrend

    When To Sell:
    There are two options I am suggesting. The first option is to sell at the previous high which offers a little bit over a 17% ROI and the second option is to sell a the upper trendline which would offer around a 25% ROI .

    Hope you enjoyed this quick analysis and many more to come.
    If you enjoyed leave a like and follow, thanks