Shares of Paychex, Inc. (NASDAQ:PAYX) hit stock chart double top resistance at $61.85. This alerts investors to a probable pull back in the stock price, with a target of $55.00.
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PAYX is at the upper MLH of minor fork b . This may be a good area to consider a short . If price crosses this median line, another shorting opportunity presents itself at the upper MLH of major fork A.