The Traderszone Network

Published in TZ Latest News 24 December, 2014 by The TZ Newswire Staff

Paychex Stock Has 3 Things Going For It

Big-cap Paychex has three favorable factors going for it. First, Paychex (PAYX) stock is forming a base-on-base pattern. The consolidation is a flat pattern built on top of a cup with handle. It offers a potential buy point at 48.30. The stock broke past a 44.78 entry in the cup with handle in October, but volume was weak. Paychex rose about 7% and then began the next consolidation.

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