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SmarTrend Watching for Potential Pullback in Shares of Automatic Data After 1.25% Gain

By James Quinn

Automatic Data (NASDAQ:ADP) traded in a range yesterday that spanned from a low of $115.80 to a high of $117.07. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $116.71 on volume of 860,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Automatic Data and will alert subscribers who have ADP in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Automatic Data have traded between a low of $85.23 and a high of $125.24 and are now at $116.94, which is 37% 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%.

Keywords: rebounders automatic data

Ticker(s): ADP