It's risen 93% since the day after Christmas (thank you Santa), and the tension between China and the US hasn't even slowed it down. The only thing I don't like is it seems too good to be true; nothing rises forever but it's sure trying!
These guys are rock solid still respecting the trend line like they have (and the 20 day SMA) in spite of all of the downward pressure the whole market is under. If/when they bounce off and/or move above it again (I'd almost bet within a day or two) - I can't help but think climbing aboard would be a safe haven for the time being. This looks as safe as it gets and...
Paycom is a under the radar stock which has rewarded investors handsomely, having already had a 23% move since the last earnings report, it may be difficult to reciprocate that. This morning 5 analysts have increased their price targets which may bring extra interest into the stock.
Paycom Software, Inc. provides comprehensive, cloud-based...
So NYSE:PAYC stock has expierienced a bearish divergence on the daily time frame. As you can see it made higher highs, but the RSI was lower. This is a textbook example of a stock loosing momentum and fully expect a correction to take place in the coming days.
Use weekly TL support as entry or wait for gap test at 115 if it comes.
10/26 low of 120 is supportive so can use that as a stop for long depending on your risk and entry.
>126 could be a nice entry if it holds.
200d sma ~118.9 currently with gap test at 115, 106.47 gap fill. Against longer term weekly trendline would be another valid entry long.
Very strong & steep bull trend. Price action plays close to the 50 EMA, and lives above the 200 EMA. Though the 50 EMA crossing over the 200 EMA has proven to be bearish - it is unreliable as a lagging indicator.
Volume is slowly decreasing overall, picking up when in contact with resistance of the possible falling wedge. Shows that it may fully respect the...
Very steady and loyal pattern! this one knows how to make gains, steady and consistency is key. Every now and then your allowed a cheat meal or a drink but the progress is strong on this one this is in it's prime!
Moving Averages: The most interesting signals on this chart to me were the bullish crossing of the 50ma under the price on the daily and the stock following and staying above the 20ma on the weekly chart. These signals show that with the proper momentum the price should continue upwards.
MACD(12, 26, close): The MACD indicator is showing bullish momentum on the...