Paycom Software Inc (PAYC): Price Now Near $354.78; Daily Chart Shows Downtrend on 100 Day Basis
At the time of this writing, PAYC (
Get Ratings)’s price is up $9.6 (2.78%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential