Paychex (PAYX) : Traders are bullish on Paychex (PAYX) as it has outperformed the S&P 500 by a wide margin of 3.1% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.52%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.02% in the last 1 week, and is up 2.97% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 1.68% and the 50-Day Moving Average is 2.74%.The 200 Day SMA reached 14.57%. Paychex, Inc. is up 12.15% in the last 3-month period. Year-to-Date the stock performance stands at 18.45%.
Paychex (NASDAQ:PAYX): After opening at $61.36, the stock dipped to an intraday low of $60.85 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $61.49 and the buying power remained strong till the end. The stock closed at $61.12 for the day, a gain of 0.21% for the day session. The total traded volume was 1,072,278. The stocks close on the previous trading day was $60.99.
Paychex, Inc., is a provider of integrated payroll, human Resource, insurance, and benefits outsourcing solutions for small- to medium-sized businesses. The Company focuses on providing payroll and human Resource services; delivering these services; growing its client base, through the efforts of its direct sales force; improving client service, through its leading-edge technology; capitalizing on the growth opportunities within its existing client base and from new clients; investing in business through expansion of its services and product offerings; and supplementing its growth through strategic acquisitions. The Company offers services and products that allow its clients to meet their diverse payroll and human Resource needs. These include: payroll processing; payroll tax administration services; employee payment services; regulatory compliance services; Paychex HR Services; retirement services administration; insurance services; and online HR administration services.