Automatic Data (ADP) Offering Possible 8.7% Return Over the Next 6 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 $136.00 short put and a strike $131.00 long put offers a potential 8.7% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $136.00 by expiration. The full premium credit of $0.40 would be kept by the premium seller. The risk of $4.60 would be incurred if the stock dropped below the $131.00 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 47.66 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

Media Alert: June 2018 ADP Canada National Employment Report to be released on Thursday, July 19, 2018
Thu, 12 Jul 2018 12:30:00 +0000
Media Alert: June 2018 ADP Canada National Employment Report to be released on Thursday, July 19, 2018

See what the IHS Markit Score report has to say about Automatic Data Processing Inc.
Thu, 12 Jul 2018 12:01:31 +0000
Automatic Data Processing Inc NASDAQ/NGS:ADP

Zacks.com highlights: Domtar, Facebook, Automatic Data Processing, Intel and Lululemon Athletica
Wed, 11 Jul 2018 13:49:01 +0000
Zacks.com highlights: Domtar, Facebook, Automatic Data Processing, Intel and Lululemon Athletica

Edited Transcript of ADP earnings conference call or presentation 2-May-18 12:30pm GMT
Tue, 10 Jul 2018 14:57:58 +0000
Q3 2018 Automatic Data Processing Inc Earnings Call

Land on Top-Ranked Momentum Stocks via Driehaus Strategy
Tue, 10 Jul 2018 13:10:01 +0000
Investors can use the Driehaus strategy by investing primarily in momentum stocks.

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