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

By Nick Russo

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, Automatic Data share prices have been bracketed by a low of $85.23 and a high of $125.24 and are now at $116.94, 37% 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.

Keywords: rebounders automatic data

Ticker(s): ADP