• Return to Headlines

Bearish Moving Average Cross by Automatic Data Processing (ADP)

By David Diaz

Automatic Data Processing (NASDAQ:ADP) crossed under its 10-day moving average of $100.71 on a volume of 2.4 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Automatic Data Processing share prices have moved between a 52-week high of $105.68 and a 52-week low of $64.29 and are now trading 55% above that low price at $99.80 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

SmarTrend is monitoring the recent change of momentum in Automatic Data Processing. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Automatic Data Processing in search of a potential trend change.

Keywords: moving crosses Automatic Data processing

Ticker(s): ADP