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Bearish Moving Average Cross by Automatic Data Processing (ADP)

By Amy Schwartz

Today, shares of Automatic Data Processing (NASDAQ:ADP) have crossed bearishly below their 10-day moving average of $101.92 on a volume of 128K shares. This may provide swing traders with an opportunity 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 $105.20 and is now at $101.82, 58% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has remained constant.

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