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Watch for Automatic Data to Potentially Pullback After Gaining 1.23% Yesterday

By Shiri Gupta

Automatic Data (NASDAQ:ADP) traded in a range yesterday that spanned from a low of $136.02 to a high of $137.10. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $136.34 on volume of 398,000 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 $100.51 and a high of $141.52 and are now at $136.98, 36% above that low price. The 200-day and 50-day moving averages have moved 0.35% higher and 0.75% higher over the past week, respectively.

Keywords: rebounders automatic data

Ticker(s): ADP