Blog Post: Day 62 of $QQQ short term up-trend; After earnings release, $R raced to an ATH above the green line on above average volume, see daily and weekly charts.

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Paychex (NASDAQ:PAYX – Get Free Report) announced its earnings results on Thursday. The business services provider reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.02. Paychex had a return on equity of 45.97% and a net margin of 31.98%. The company had revenue of $1.32 billion for the…

A type of chart, developed by the Japanese, that is only concerned with price movement; time and volume are not included. It is thought to be named for the Japanese word for bricks, “renga”. A renko chart is constructed by placing a brick in the next column once the price surpasses the top or bottom of the previous brick…