Paychex (PAYX) Offering Possible 17.65% Return Over the Next 28 Calendar Days

Paychex's most recent trend suggests a bearish bias. One trading opportunity on Paychex is a Bear Call Spread using a strike $70.00 short call and a strike $75.00 long call offers a potential 17.65% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $70.00 by expiration. The full premium credit of $0.75 would be kept by the premium seller. The risk of $4.25 would be incurred if the stock rose above the $75.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Paychex is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Paychex is bearish.

The RSI indicator is at 30.68 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Paychex

Who Really Owns Paychex Inc (NASDAQ:PAYX)?
Mon, 15 Oct 2018 12:05:16 +0000
If you want to know who really controls Paychex Inc (NASDAQ:PAYX), then you'll have to look at the makeup of its share registry. Institutions often own shares in more established

Paychex Declares Quarterly Dividend
Thu, 11 Oct 2018 11:24:00 +0000
Today the Board of Directors of Paychex, Inc. declared a regular quarterly dividend of $.56 per share payable November 15, 2018 to shareholders of record November 1, 2018.

Delphi Technologies Cuts Revenue and Margin View: Here's Why
Wed, 10 Oct 2018 14:26:02 +0000
Delphi Technologies (DLPH) is grappling with soft revenues in China, spin-related costs and high commodity prices. Also, tariffs on auto import are concerning.

Has Paychex (PAYX) Outpaced Other Business Services Stocks This Year?
Wed, 10 Oct 2018 13:30:01 +0000
Is (PAYX) Outperforming Other Business Services Stocks This Year?

Edited Transcript of PAYX earnings conference call or presentation 2-Oct-18 1:30pm GMT
Tue, 09 Oct 2018 17:26:55 +0000
Q1 2019 Paychex Inc Earnings Call

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