Hello fellow traders and investors, PAYX has recently pulled back to the trendline that acts as a support. If it makes a recovery to its previous high it offers around a 10% ROI however I would let it ride to the upper trendline. PAYX does a great job pulling back to the trendline and making a recovery so this is a very interesting play in my opinion, and I will be watching it very closely.
Technicals:
Technicals:
- The Macd indicates that it isn't oversold however it isn't overbought either
- The EMA's indicate that it's still in a downtrend
When To Buy:
- When the EMA's crossover
When To Sell:
There are two options of where you could sell. The first one is to sell when it recovers to its previous high which offers around a 10% ROI and the second option is to sell when it hits the upper trendline which offers around a 15% ROI.
Hope you enjoyed this quick analysis and many more to come.
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