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Aug. 27, 2021, 11:03 p.m. EDT

How the price action of Automatic Data Processing (ADP) is used to our Advantage

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Aug 27, 2021 (Stock Traders Daily via COMTEX) -- Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This report optimizes trading in Automatic Data Processing /zigman2/quotes/207661132/composite ADP +1.42% with integrated risk controls.

The trading plans were valid at the time this was published, but the support and resistance levels for ADP change as time passes, and this should be updated in real time. Access those real time updates for this and 1000 other stocks here. Unlimited Real Time Reports

Protection from Market Crashes: Subscribers also get our Tail Risk hedge, Evitar Corte

Use the basic rules of Technical Analysis. Here are some examples: if ADP is testing support the signal is to buy and target resistance. On the other hand, if resistance is tested, that is a sign to short, and target support. No matter which side the trade is, long or short, the trigger point is both a place to enter and as a risk control.

This data can be used to define Day Trading, Swing Trading, and Long Term Investing plans for ADP too. All of these are offered here: Access our Real Time Trading Plans

  • Buy ADP over 202.48 target 212.58 stop loss @ 201.9

  • Short ADP under 212.58, target 202.48, stop loss @ 213.19

  • Buy ADP over 212.58, target 222.39, Stop Loss @ 211.97

  • Short ADP near 212.58, target 208.67, Stop Loss @ 213.19.

  • Buy ADP over 212.58, target 222.39, Stop Loss @ 212.08

  • Short ADP near 212.58, target 208.67, Stop Loss @ 213.08.

ADP Technical Summary | Raw Data for the Trading Plans

COMTEX_392331672/2570/2021-08-27T23:03:15

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

/zigman2/quotes/207661132/composite
US : U.S.: Nasdaq
$ 217.75
+3.04 +1.42%
Volume: 1.36M
Oct. 22, 2021 4:00p
P/E Ratio
35.88
Dividend Yield
1.71%
Market Cap
$90.76 billion
Rev. per Employee
$267,954
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