After Plunging -15.19% in 4 Weeks, Here's Why the Trend Might Reverse for Paylocity (PCTY)

However, like every investing tool, RSI has its limitations, and should not be used alone for making an investment decision. A downtrend has been apparent in Paylocity (PCTY) lately with too much selling pressure. The stock has declined 15.2% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround. How to D ...