Automatic Data (ADP) Offering Possible 26.58% Return Over the Next 14 Calendar Days

Automatic Data's most recent trend suggests a bullish bias. One trading opportunity on Automatic Data is a Bull Put Spread using a strike $104.00 short put and a strike $99.00 long put offers a potential 26.58% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $104.00 by expiration. The full premium credit of $1.05 would be kept by the premium seller. The risk of $3.95 would be incurred if the stock dropped below the $99.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Automatic Data is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Automatic Data is bullish.

The RSI indicator is at 40.17 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Automatic Data

Workday CEO talks new customers, ADP partnership and comp…
Wed, 30 Aug 2017 22:58:00 +0000
Jim Cramer caught up with Workday co-founder and CEO Aneel Bhusri after earnings to discuss the cloud player's competition and prospects.

A Flurry of Economic Data
Wed, 30 Aug 2017 14:43:02 +0000
A Flurry of Economic Data

Positive Surprise Alphabet Soup: Q2 GDP 3%, ADP 237K
Wed, 30 Aug 2017 14:07:02 +0000
GDP hit 3.0% for this second read, up from 2.6% in the initial release and 20 basis points higher than analysts were expecting. ADP jobs posted a big 237K number, well beyond the 185K expected.

ADP National Employment Report: Private Sector Employment Increased by 237,000 Jobs in August
Wed, 30 Aug 2017 12:15:00 +0000
Private sector employment increased by 237,000 jobs from July to August according to the August ADP National Employment Report®. Broadly distributed to the public each month, free of charge, the ADP National …

Benzinga's Option Alert Recap From August 29
Tue, 29 Aug 2017 20:23:06 +0000
Benzinga Pro provides its subscribers with real-time alerts of potentially market-moving options activity. Here's a recap of the options alerts from Tuesday, August 29, 2017. All time stamps are in Eastern …

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