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Automatic Data Processing (ADP) Upgrade Alert, Watch for 9.3% Technical Uptrend Continuation

Oct 30, 2009 (SmarTrend(R) Spotlight via COMTEX) --

Company: Automatic Data Processing, Inc. (ADP)

Automatic Data Processing (NYSE:ADP) upgraded to Outperform at Bernstein. The stock closed yesterday at $40.25 on volume of 3,251,100 shares, below average daily volume of 3,542,390.

Automatic Data Processing is currently above its 50-day moving average of $39.20 and above its 200-day moving average of $36.96.

SmarTrend is bullish on shares of ADP and our subscribers received an Uptrend alert on July 27, 2009 at $36.82, which has returned 9.3% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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News Provided by COMTEX

Company: Automatic Data Processing, Inc. (ADP)


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