Paychex's most recent trend suggests a bullish bias. One trading opportunity on Paychex is a Bull Put Spread using a strike $45.00 short put and a strike $40.00 long put offers a potential 5.26% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $45.00 by expiration. The full premium credit of $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock dropped below the $40.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Paychex is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Paychex is bullish.
The RSI indicator is at 73.46 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
ModernGraham Valuation Of Paychex
Fri, 27 Dec 2013 20:53:15 GMT
PAYCHEX INC Financials
Fri, 27 Dec 2013 18:04:06 GMT
Nanny Taxes in 2014 — Another Important Tax Concern for Parents
Thu, 26 Dec 2013 13:24:48 GMT
Marketwired – It's holiday time and everyone is juggling a lot over this year's short season. There are sales to find, coupons to locate and presents to buy. Meals must be planned and cooked while kids need to be picked …
Obamacare Is Healthy for Temporary-Staffing Companies
Mon, 23 Dec 2013 19:00:00 GMT
Barrett Business Services (BBSI) Jumps: Stock Rises 8.3%
Mon, 23 Dec 2013 12:00:13 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook