Paycom Software, Inc.
Long
Updated

$PAYC Cup & Handle

132
PAYC is forming a nice cup & handle which should make a nice move to the upside & take us above to new highs. I am looking for breakout above trend line as a trigger for the trade below.

snapshot

Trade: BTO PAYC 9/18 $320c avg $5.30
Note
I think it's fair to say this played out favorably.

snapshot
Note
Final Update: The Market says that it was wrong about PAYC underperforming snapshot

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