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Paycom Software (PAYC) stock shows signals of bullishness, maintaining the gains on the top.
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Bulls were gaining strength and were willing to surpass channel highs of $325.
Paycom Software (NYSE: PAYC) stock trades inside the falling channel and forms lower highs sequences. Recently, the stock has shown its intent to flip the ongoing trend and escape the crucial range of $310 above the 200-day EMA. This surge shows that bulls retain the shape and charge their muscles above the channel highs.
Furthermore, a double bottom pattern was noted near the support zone, and the stock showed a rebound, …
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