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Bullish Moving Average Cross by Automatic Data Processing (ADP)

By Nick Russo

Today, shares of Automatic Data Processing (NASDAQ:ADP) have advanced above their 10-day MA of $89.77 on a volume of 247K 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, shares of Automatic Data Processing have traded between a low of $64.29 and a high of $96.00 and are now at $89.93, which is 40% above that low price. 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