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Automatic Data Processing Bullish Moving Average Crossover Alert (ADP)

By Nick Russo

Today, shares of Automatic Data Processing (NASDAQ:ADP) have crossed bullishly above their 10-day moving average of $87.34 on a volume of 1.6 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Automatic Data Processing share prices have been bracketed by a low of $64.29 and a high of $96.00 and are now at $89.68, 39% above that low price. Over the last five market days, 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 3.6%. 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