Automatic Data (ADP) Offering Possible 17.65% Return Over the Next 8 Calendar Days

Automatic Data’s most recent trend suggests a bullish bias. One trading opportunity on Automatic Data is a Bull Put Spread using a strike $113.00 short put and a strike $108.00 long put offers a potential 17.65% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $113.00 by expiration. The full premium credit of $0.75 would be kept by the premium seller. The risk of $4.25 would be incurred if the stock dropped below the $108.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Automatic Data is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Automatic Data is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Automatic Data

Ackman reaches out to ADP retail investors, softens image
Wed, 11 Oct 2017 01:49:06 +0000
Billionaire investor William Ackman took his fight for board seats at Automatic Data Processing Inc to retail investors on Tuesday in an unusually public format where he detailed his successes and failures and urged all to cast their votes. For one hour, the Wall Street hedge fund manager spoke in a live webinar, fielding questions from Main Street investors about ADP’s culture, the company’s earnings potential and what expertise he would bring, all while trying to soften his image of an impatient investor who likes to fire people. “This is your company and you get to decide,” Ackman said, urging retail investors to vote their shares.

Bill Ackman and ADP Continue Bitter Proxy Fight
Tue, 10 Oct 2017 19:21:00 +0000
Last week, Bill Ackman’s hedge fund launched a public question to Automatic Data Processing. Now, the proxy fight continues.

KPMG, ADP Alliance Helps Multinational Companies Better Manage Country Hopping Employees
Tue, 10 Oct 2017 15:39:00 +0000
NEW YORK , Oct. 10, 2017 /PRNewswire/ — KPMG LLP, the U.S. audit, tax and advisory firm, and ADP® , a leading global provider of Human Capital Management (HCM) solutions, have joined forces to help multinational …

Ackman woos ADP shareholders with Facebook, Twitter ads
Tue, 10 Oct 2017 15:20:11 +0000
Pershing Square Holdings purchased ads in newspapers throughout the country to help further his quest to inspire change at Automatic Data Processing Inc. “Retail investors own about 28 percent of ADP’s stock and have an important role to play in the upcoming election,” Pershing Square’s Bill Ackman told the New York Post , one of the papers that featured his advertisement.

ETFs with exposure to Automatic Data Processing, Inc. : October 10, 2017
Tue, 10 Oct 2017 14:57:22 +0000
Categories: ETFs Yahoo FinanceClick here to see latest analysis ETFs with exposure to Automatic Data Processing, Inc. Here are 5 ETFs with the largest exposure to ADP-US. Comparing the performance and risk of Automatic Data Processing, Inc. with the ETFs that have exposure to it gives us some ETF choices that could give us similar returns with lower … Read more
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