as projected on the chart, following with W pattern, fibonacci retracement, trend resistance.
Nice Sign of Strength (SoS), look for a bounce off 124-125 or a break back above 127-128 for entry. Initial target 139. Earnings coming up the question is whether or not these original gangstas can continue to compete with the young guns. Not financial advice or whatever.
I've entered a LONG position on the 22nd of December right after Earnings. The chart looks to be in a strong uptrend and the market's reaction to ER was optimal.
* I last spoke about PAYX around mid October as it was breaking out of the $117.70 area. * Since then it has moved higher and began to consolidate forming a base on base pattern. * It recently had a pullback to the previous base resistance and used it as support to bounce back. * And it also held up very well during the general market correction. * Great...
NASDAQ: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...
The Technology Service sector has been extremely bullish for this month. One of the sector leaders on the heatmap across the board. This run may or may not stall out for a min. Hate that I didn't spot these trades. They are all now on my radar. I will only be eyeing smaller timeframes entries and exits due to the lateness of me now wanting to trade them. I'm...
* Excellent earnings year-over-year * Very strong up trend * Breaking out of a ~2 month consolidation period with higher than average volume * Very strong Relative Strength in the Industrial sector * Recently broke resistance of 117.11 and retested it as support Trade Idea: * As always, if you don't mind a little volatility in the short term this is a great...
NASDAQ:PAYX has potential to move further to the upside if trigger 114.80 is met. Targeting 119.55 with a 2.5x RR
Great company with steady increasing net income and margin profit after last week's earning's report. I always wait about a week or so to enter a position after their ER. An ascending triangle is forming. 1 target: $101 Ultimate target: $110 + Stop loss: Closing out of the triangle. For self-education use only. Not financial advice.
NASDAQ:PAYX Sounds crazy but this is the beauty of 2.618 golden ratio. Let's wait and see!
NASDAQ:PAYX Will test next fib level soon.
The PEAD projected a Neutral outlook for $PAYX after a Negative Under reaction following its earnings release placing the stock in drift D If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
Paychex Q3 earnings tomorrow 4/6 at 8:30am. Paychex (PAYX) reported 2nd Quarter November 2020 earnings of $0.73 per share on revenue of $983.7 million. Revenue fell 0.7% compared to the same quarter a year ago. The company said it expects fiscal 2021 earnings of $2.88 to $2.97 per share on revenue of $3.92 billion to $4.04 billion. Q3 February 2021 Consensus: EPS...
I'm getting a bearish read on PAYX. We broke the previous high of $99.93 and I expect to head back to retest $85. I'm waiting for a bear flag as a signal to long puts. ***This does not constitute financial advice.***
Hello fellow traders and investors, PAYX has recently pulled back to the trendline that acts as a support. If it makes a recovery to its previous high it offers around a 10% ROI however I would let it ride to the upper trendline. PAYX does a great job pulling back to the trendline and making a recovery so this is a very interesting play in my opinion, and I will...
Most investors are expecting that general trend to continue. But I expect the quarterly report to be worse than the previous year. As a result, a significant drop in ttm will lead to strong sales of shares.
89-90$ = Long entry points - as old resistance levels is forming new support! Tight stop loss around 86$ dividend company with upcoming dividend date.