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PAYCHEX INC
(PAYX-Nasdaq):
Technical Viewpoint: From a low
of $40 1/2 on Sep 8, 2000 prices
rallied, reaching a
high of $55.94
on Sep 28, 2000. A
decline saw prices pull back, reaching a
low of
$47 1/4 on Oct 25, 2000.
Another rally saw prices penetrate
resistance, closing 10/25/00
at $54.81. Technicals: MACD Index (MACD): A Buy Alert!
was given on Oct 25, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $48.00. Resistance: Is at $55 1/2.
Point & Figure: Reversed to the upside on Oct 19, 2000. A P&F upside
reversal takes place at $52 1/2. Summary: Technical indicators have turned bullish. BUY! PAYCHEX INC
(PAYX-Nasdaq) @ $55 1/8 Stop: Use a protective stop of $52 1/2.
PAYCHEX INC is currently trading @ $54.81 plus $1.81 on Oct 25, 2000. Price Objective:
$63.00. Risk/Reward: $2 5/8 VS. $7 7/8. Today's Risk Reward Ratio: 3:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$63.00
Risk/Reward:
$2 5/8 VS. $7 7/8
Risk/Reward Ratio:
3:1
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