PAYCStock has consolidated a while, as market is in uptrend but there is still pressure and fed meeting, however I think they will not raise rates...we don't know how market will respond so use caution
1PAYC trade ideas
PAYC Buy on BreakThis stock is in consolidation, this pattern is a daily pattern triangle. It is building energy and will breakout...which way? I think it will go higher due to earnings/revenue momentum. This always depends on the market in general..but a break above the triangle or the 34.66 mark is a buy...I would look for volume and close above then enter with good risk management of stop below major low or apex area.. ensure risk is only about 3% of portfolio...options can be considered
PAYC Day Trade Retest Gap (Brad Reed Feb11,2015)PAYC expected to open at 35.05 for a Retest Gap. Watch out for low volume. To learn to trade this strategy for free go to www.RealLifeTrading.com
