potential accumulation phase; breakout above the 200-day MA is the validation.
Paychex looks ready for rotation higher, with the breakout above the 200-day moving average acting as key validation.
Paychex has gone from a confirmed downtrend into consolidation and then a breakout into new three-month highs. The final check for the bullish rotation is a break above the 200-day moving average; until that happens, it’s a constructive setup but still requires confirmation.