In a welcome move, Paychex saw its Relative Strength Rating improve from 64 to 74 on Friday.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the market's biggest winners tend to have an 80 or higher RS Rating as they launch their biggest climbs. See if Paychex can continue to rebound and hit that benchmark.
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Paychex is working on a flat base with a 150.71 entry. See if the stock can break out in heavy trade.
Earnings grew 6% last quarter, up from 2% in the prior report. Revenue also increased, from 3% to 5%.
Paychex earns the No. 7 rank among its peers in the Commercial Services-Outsourcing industry group. ExlService Holdings, HealthEquity and Red Violet are among the top 5 highly rated stocks within the group.
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