Automatic Data Processing (ADP) NewsBite - ADP Upgraded By EVA Dimensions, LLC
Posted: Tuesday, April 06, 2010 1:21 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 $44.25, down $0.14 (-0.32%) on volume of 1,106,754 shares traded. EVA Dimensions, LLC upgraded the stock today to Overweight from Hold. Over the last 52 weeks the stock has ranged from a low of $33.26 in July to a high of $45.22 in March. Automatic Data Processing stock has been showing support around $43.83 and resistance in the $44.97 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 40 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).