Automatic Data's most recent trend suggests a bullish bias. One trading opportunity on Automatic Data is a Bull Put Spread using a strike $75.00 short put and a strike $70.00 long put offers a potential 17.65% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $75.00 by expiration. The full premium credit of $0.75 would be kept by the premium seller. The risk of $4.25 would be incurred if the stock dropped below the $70.00 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 48.18 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
ZenPayroll raises $20 million from Kleiner, General Catalyst
Wed, 19 Feb 2014 14:16:00 GMT
U.S. Added 16,520 Franchise Jobs in January, According to ADP National Franchise Report(SM)
Wed, 19 Feb 2014 14:00:00 GMT
Marketwired – U.S. private-sector franchise jobs increased by 16,520 during the month of January 2014, according to the ADP National Franchise Report . Broadly distributed to the public each month free of charge, the …
ZenPayroll wins $20 million in first round of venture funding
Wed, 19 Feb 2014 14:00:00 GMT
Reuters – ZenPayroll, which provides cloud-based payroll services to small- and medium-sized businesses, said Wednesday it had secured $20 million in its first round of venture funding from General Catalyst Partners and Kleiner Perkins Caufield & Byers. The deal, one of the larger Series A investments to close in recent months in the Internet industry, comes about two years after ZenPayroll raised a hefty $6.1 million in seed funding from individuals such as Drew Houston and Aaron Levie, chief executives of cloud-storage and file-sharing service provider Dropbox and cloud-content storage and management service Box, respectively. ZenPayroll Chief Executive Joshua Reeves said his company employs fewer than 30 people but is on track to process $400 million in annual payroll for businesses ranging from bakeries to law firms. Although large enterprises turn to established payroll software like ADP, many small companies still use pen-and-paper to keep track of payroll, Reeves said.
ZenPayroll Finds Itself Some Payroll Of Its Own – Scores $20M Funding
Wed, 19 Feb 2014 13:46:00 GMT
ADP Establishes Frank R. Lautenberg Memorial Scholarship in Memory of Founder
Tue, 18 Feb 2014 13:30:00 GMT
PR Newswire – ROSELAND, N.J., Feb. 18, 2014 /PRNewswire/ — ADP® announced it has created a scholarship endowment in the amount of $300,000 in memory of one of ADP's founders, the late Sen. Frank R. Lautenberg, through the Rutgers University Foundation. ADP will award the scholarships in $10,000 increments for 10 students, renewable for two academic years following the initial grant. “We are enormously grateful to the ADP Foundation for so generously honoring the legacy of the late Senator through the ADP-Frank R. Lautenberg Scholarships at Rutgers University,” said Nevin Kessler, President, Rutgers University Foundation. “Lautenberg's commitment to affordable education and to our great state of New Jersey was truly exceptional. Supporting the dreams and aspirations of promising young people in need has never been more important, and thanks to this exceptional gift, Rutgers University students are proud beneficiaries.”
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