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Keep and eye on Paychex Inc.  The stock has been consolidating in a narrowing range since early June.  The 200D moving average has capped the upside during this phase.  As a new week begins the stock is beginning to put some distance on this long term indicator.  With the 50D providing the footing we expect a fresh rally.  A key hurdle is the September high($78.30).  A close above this level could spark quite a move.  On the downside, a close below $74.00 would violate last week’s lows sending a clear warning sign that the 200D remains in control.

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