Automatic Data (ADP) Offering Possible 7.53% Return Over the Next 7 Calendar Days

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Automatic Data’s most recent trend suggests a bullish bias. One trading opportunity on Automatic Data is a Bull Put Spread using a strike $112.00 short put and a strike $107.00 long put offers a potential 7.53% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $112.00 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 $107.00 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 79.01 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

Pershing Square’s Bill Ackman reaches out to ADP’s retail…
Wed, 11 Oct 2017 14:24:00 +0000
CNBC’s Leslie Picker reports on activist investor Bill Ackman, Pershing Square, taking his proxy fight with ADP online with a webcast.

New Jersey Private Sector Jobs Decreased by 600 in September, According to ADP Regional Employment Report(R)
Wed, 11 Oct 2017 13:00:00 +0000
The State of New Jersey private sector jobs decreased by 600 during the month of September, according to the ADP Regional Employment Report which is produced by ADP®, a leading global provider of Human …

New York Added 3,100 Private Sector Jobs in September, According to ADP Regional Employment Report(R)
Wed, 11 Oct 2017 13:00:00 +0000
The State of New York added 3,100 private sector jobs during the month of September, according to the ADP Regional Employment Report which is produced by ADP®, a leading global provider of Human Capital …

California Added 25,500 Private Sector Jobs in September, According to ADP Regional Employment Report(R)
Wed, 11 Oct 2017 13:00:00 +0000
The State of California added 25,500 private sector jobs during the month of September, according to the ADP Regional Employment Report which is produced by ADP®, a leading global provider of Human Capital …

Texas Added 23,600 Private Sector Jobs in September, According to ADP Regional Employment Report(R)
Wed, 11 Oct 2017 13:00:00 +0000
The State of Texas added 23,600 private sector jobs during the month of September, according to the ADP Regional Employment Report which is produced by ADP®, a leading global provider of Human Capital …

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