Automatic Data (ADP) Offering Possible 7.53% Return Over the Next 17 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 $95.00 short put and a strike $90.00 long put offers a potential 7.53% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $95.00 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $4.65 would be incurred if the stock dropped below the $90.00 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 above 80 which suggests that the stock is in overbought territory.

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

Jobs, OPEC, Other Econ Data to Map Way Forward
Mon, 28 Nov 2016 15:05:03 GMT

Is Automatic Data Processing (ADP) A Good Stock To Buy Now?
Wed, 23 Nov 2016 18:00:29 GMT

MEDIA ALERT – November 2016 ADP National Employment Report(R), ADP Small Business Report(R) and ADP National Franchise Report(R) to be Released on WEDNESDAY, November 30, 2016
Wed, 23 Nov 2016 14:00:00 GMT
Marketwired – ADP

ADP to Participate at the Nasdaq 35th Investor Program
Fri, 18 Nov 2016 13:30:00 GMT
GlobeNewswire – ROSELAND, N.J., Nov. 18, 2016– ADP ® today announced that Jan Siegmund, ADP’ s chief financial officer, will be participating in a fireside chat at the Nasdaq 35 th Investor Program in London, U.K. on …

ETFs with exposure to Automatic Data Processing, Inc. : November 16, 2016
Wed, 16 Nov 2016 17:32:54 GMT

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