Automatic Data Processing (ADP) Trades Higher Following Broker Upgrade
Posted: Wednesday, March 03, 2010 2:12 PM EDT
By: Market Intelligence Center Staff
Automatic Data Processing (ADP) was upgraded today by analysts at EVA Dimensions, LLC and the stock is now at $42.16, up $0.31 (0.74%) on volume of 1,302,227 shares traded. The stock was upgraded today by EVA Dimensions, LLC to Overweight from Hold. Over the last 52 weeks the stock has ranged from a low of $32.03 last March to a high of $44.50 in December. Automatic Data Processing stock has been showing support around $41.59 and resistance in the $42.23 range. Technical indicators for the stock are neutral and S&P gives ADP a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on ADP the stock seems like it could be a candidate for an August out-of-the-money bull-put credit spread below the 35 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Automatic Data Processing (ADP) Stock ReportSee what our analysts have uncovered about Automatic Data Processing (ADP).