Bearish Moving Average Cross by Automatic Data Processing (ADP)
Today, shares of Automatic Data Processing (NASDAQ:ADP) have fallen below their 10-day MA of $88.09 on a volume of 287K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, shares of Automatic Data Processing have traded between a low of $64.29 and a high of $91.00 and are now at $87.72, which is 36% above that low price. The 200-day and 50-day moving averages have moved 0.14% higher and 0.25% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Automatic Data Processing on February 16th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $83.30. Since that recommendation, shares of Automatic Data Processing have risen 6.2%. We continue to monitor ADP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Automatic Data processing