Bollinger Band Contraction for PAYX

The Bollinger Bands are contracting as Paychex (PAYX) trades within a narrow range this month. First, you can see the bands narrowing significantly this week (blue arrows). Second, the Bollinger Band Width indicator is trading at its lowest level in over four months. A volatility expansion often follows a volatility contraction.

091023payx


Click this chart for details.

 Previous Article Next Article