Paychex (PAYX) Offering Possible 16.28% Return Over the Next 34 Calendar Days

Paychex's most recent trend suggests a bearish bias. One trading opportunity on Paychex is a Bear Call Spread using a strike $77.50 short call and a strike $82.50 long call offers a potential 16.28% return on risk over the next 34 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $77.50 by expiration. The full premium credit of $0.70 would be kept by the premium seller. The risk of $4.30 would be incurred if the stock rose above the $82.50 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Paychex is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Paychex is bearish.

The RSI indicator is at 49.15 level which suggests that the stock is neither overbought nor oversold at this time.

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

Owning Paychex Shares May Not Pay in the Short Run
Wed, 15 Jul 2020 12:31:00 +0000
For his second Executive Decision segment of “Mad Money” Tuesday, Jim Cramer checked in with Marty Mucci, president and CEO of Paychex Inc. , the payroll processor with its finger on the pulse of our small business economy. Mucci said Paychex ended the year strong with revenue growth of 7% and operating margins of more than 35%. Mucci said Paychex hasn't seen much fallout from the recent surge in Covid-19 cases.

Paychex Named to Selling Power's Annual "50 Best Companies to Sell For" List in 2020
Fri, 10 Jul 2020 18:00:00 +0000
For the eighth consecutive year, Paychex, Inc. has been named to the Selling Power 50 Best Companies to Sell For 2020 list. Each year, the corporate research team at Selling Power magazine assembles and publishes this list, which is now in its 20th consecutive year. Paychex ranks number four on the 2020 list, its fourth straight year in the top five.

Paychex Declares Quarterly Dividend
Thu, 09 Jul 2020 16:41:00 +0000
Today the Board of Directors of Paychex, Inc. (NASDAQ‑PAYX) declared a regular quarterly dividend of $.62 per share payable August 27, 2020 to shareholders of record August 3, 2020.

Paychex (PAYX) Q4 2020 Earnings Call Transcript
Wed, 08 Jul 2020 00:31:21 +0000
PAYX earnings call for the period ending June 30, 2020.

Paychex (PAYX) Q4 Earnings Match Estimates, Revenues Beat
Tue, 07 Jul 2020 21:42:09 +0000
Paychex's (PAYX) fourth-quarter fiscal 2020 earnings and revenues decrease on a year-over-year basis.

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