Automatic Data Processing Inc. (ADP) – stock is trading around $168.98 dollars as of November, 14, 2019 and offering a possible buying price between $164.71 – $172.95. Let’s look at the stocks technical actions using a weekly chart.
2. After running high for a while, the stock broke down back in September.
3. The stock dived below the 50 day moving average and lived below the line as it consolidated.
4. The stock, however found support at the long term support 200 DMA.
5. The stock regained the 50 DMA as it cleared the consolidation.
6. The stock is offering possible buying price between $164.71 – $172.95, with a stop loss at $151.53.
This stock is already part of the Stocks Above 100 Dollars pick and performance will be tracked here .
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