Harry_Hood

PAYC - Short at the top

Short
Harry_Hood Updated   
NYSE:PAYC   Paycom Software, Inc.
This stock is way beyond its base trend and looking pretty toppy on the weekly chart. Appears to have a bear flag forming at the moment. With general declining market conditions, this should fall greatly. PE ratio of 89 and Beta of 1.3.
Comment:
Down to $207. Could drop below $200. I exited my short around $210 and am looking for the reentry.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.