Paychex stock had its Relative Strength (RS) Rating upgraded from 70 to 75 Wednesday — a welcome improvement, but still shy of the 80 or better score you prefer to see.
This unique rating identifies technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 in the early stages of their moves. See if Paychex stock can continue to show renewed price strength and hit that benchmark.
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Is Paychex Stock A Buy?
Paychex stock is building a flat base with a 150.71 entry. See if the stock can break out in heavy trade. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The human resources solutions firm saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 2% to 6%. Revenue rose from 3% to 5%.
Paychex stock earns the No. 9 rank among its peers in the Commercial Services-Outsourcing industry group. ExlService Holdings, HealthEquity and Red Violet are among the top 5 highly rated stocks within the group.
