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Automatic Data Processing Bullish Moving Average Crossover Alert (ADP)

By Amy Schwartz

Automatic Data Processing (NASDAQ:ADP) crossed over its 10-day moving average of $87.72 on a volume of 159K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher 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 $88.13, 37% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Automatic Data Processing on July 29th, 2016 by issuing a Downtrend alert when the shares were trading at $90.15. Since that call, shares of Automatic Data Processing have fallen 3.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Automatic Data processing

Ticker(s): ADP