Conclusion: Payroll numbers are climbing slowly and so has the price of Paychex. This looks to be a slow and steady play and if you enter at this point. Carefully monitor the stock's moving averages and the 14-day turtle channel for price weakness:
Paychex (PAYX) reported better-than-expected fiscal 2017 first-quarter results before today's market open.
Conditions seem ripe for continued upward momentum in stocks, as long as the Federal Reserve or unexpected shocks don't get in the way.