Paychex's most recent trend suggests a bullish bias. One trading opportunity on Paychex is a Bull Put Spread using a strike $47.00 short put and a strike $42.00 long put offers a potential 5.26% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $47.00 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 $42.00 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 above 80 which suggests that the stock is in overbought territory.
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
Will Paychex deliver another payday?
Tue, 04 Nov 2014 18:21:14 GMT
Paychex | IHS Small Business Jobs Index Continues Trend of Employment Growth for Small Businesses in October
Tue, 04 Nov 2014 13:30:00 GMT
Business Wire – While the Paychex | IHS Small Business Jobs Index grew 0.23 percent in the past 12 months, the national index remained even for October, coming in at 100.84. Showing no change, the rate of job creation seen in September was consistent through October.
Automatic Data Processing (ADP) Tops Q1 Earnings, Sales Up Y/Y
Wed, 29 Oct 2014 14:30:04 GMT
Tuesday’s Notable Options Activity
Wed, 29 Oct 2014 11:07:26 GMT
Will Automatic Data Processing (ADP) Miss Earnings in Q4? (revised)
Tue, 28 Oct 2014 18:03:58 GMT
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