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Automatic Data Processing (ADP) NewsBite - ADP Higher On Strong Earnings

Nov 04, 2009 (Fresh Brewed Media via COMTEX) --

Companies: ADP (AEOPF), Automatic Data Processing, Inc. (ADP)

Automatic Data Processing (NasdaqNM: ADP) opened at $40.58. So far today, the stock has hit a low of $40.39 and a high of $41.23. ADP is now trading at $41.16, up $0.51 (1.25%). The stock hit its 52-Week high of $41.27 last November and set its 52-Week low of $31.67 last November. The company reported 56 cents per share, higher than the 50 cents that analysts had been expecting to see. The stock is now trading just shy of its 52 week high. 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 a January out-of-the-money bull-put credit spread below the 36 range.

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News Provided by COMTEX

Companies: ADP (AEOPF), Automatic Data Processing, Inc. (ADP)


Related terms: earnings, S&P

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