Could Paychex (PAYX Stock) fall towards the the 106.80 level?

AAATrade Team AAATrade

Today’s instrument is the Paychex Inc. stock traded in NASDAQ exchange under the ticker PAYX.

Looking at the PAYX’s chart, we can see that it is last traded at around $113.30.

Today, Paychex is announcing its third-quarter earnings and if the market’s anticipation is positive then we could expect it to rise towards its resistance level at around $116 otherwise it should fall towards its support level at around $106.80.

Author

AAATrade Team

AAATrade

The AAATrade Team has extensive experience in content writing for the financial industry. Stelios Nikolaou is the lead writer of the team, he currently works at AAATrade to provide research and content writing services.

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