During a recent Mad Money program Jim Cramer told viewers about some key companies that are reporting this Friday. He outpointed Paychex (PAYX) , which could be a buy if it gets hit before it reports. Carmax (KMX) will also provide an update on the red-hot used car market.
Let's check out the charts of PAYX.
In the daily bar chart of PAYX, below, we can see that prices have been in an uptrend the past 12 months. Prices are trading above the rising 50-day moving average line. The 200-day line is bullish and intersects around $92.
The On-Balance-Volume (OBV) line has been steady the past four months. The Moving Average Convergence Divergence (MACD) oscillator is pointed down for a take profits sell signal.