Paycom Software Inc

PAYC’s recent peak shows a Bullish Exhaustion inflection, followed by a pullback below the 9- and 20-day EMAs into short-term weakness. Medium-term structure remains bullish, sitting above rising 50- and 200-day SMAs, but execution should be deferred until near-term support at the 20-day EMA and consolidation around $218–$220 holds. A clear reclaim and acceptance back above the EMAs would signal renewed participation.

• ↑Q2 revenue $531M (+10% YoY) with GAAP net income $107M (+20%)
• ↑Repurchased 11M shares (20% of outstanding) and expects >$650M FCF
• ↓Negative momentum trend suggests weakening stock performance