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SmarTrend Watching for Potential Pullback in Shares of Automatic Data After 1.09% Gain

Mar 08, 2018 (SmarTrend(R) News Watch via COMTEX) --

Automatic Data (NASDAQ:ADP) traded in a range yesterday that spanned from a low of $114.70 to a high of $116.57. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $116.10 on volume of 269,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Automatic Data share prices have been bracketed by a low of $85.23 and a high of $125.24 and are now at $116.40, 37% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

SmarTrend is tracking the current trend status for Automatic Data and will alert subscribers who have ADP in their portfolio or watchlist when shares have changed trend direction.

Write to SmarTrend at


SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit

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