Automatic Data Processing Inc. (ADP) – stock is trading around $173.25 dollars as of September, 08, 2019 and offering a possible buying price between $172.10 – $180.71. Let’s look at the stocks technical actions using a weekly chart.
2. The stock breakout in early February.
3. The stock had a great run after that.
4. The stock then went into a long, no so tight consolidation.
5. The stock also witnessed a washout week, i.e. volume runs greater, but not lost much ground.
6. The stock continues find support around the 50 day moving average key support line.
7.The stock is offering possible buying price between $172.10 – $180.71, with a stop loss at $158.33.
This stock is already part of the Stocks Above 100 Dollars pick and performance will be tracked here .
