PAYX outperforms

Since early January PAYX – Paychex, Inc. – has been moving in a bullish channel mostly between its 10-day exponential moving average and the upper Bollinger Band.

The 20- and the 50-day exponential moving averages slope up below each other and below the 10-day exponential moving average.

As about the same time, PAYX’s Relative Strength also moved above its 20-day exponential moving average and is moving above its since then.

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