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Automatic Data Processing Bearish Moving Average Crossover Alert (ADP)

By James Quinn

Automatic Data Processing (NASDAQ:ADP) shares have crossed bearishly below their 10-day moving average of $88.03 on a volume of 396K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Automatic Data Processing has traded in a range of $64.29 to $96.00 and is now at $87.76, 37% above that low. The 200-day and 50-day moving averages have moved 0.14% higher and 0.25% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Automatic Data Processing and will alert subscribers who have ADP in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Automatic Data processing

Ticker(s): ADP