Automatic Data Processing (ADP) Shares are Up 0.4%

On a relative basis, the stock has outperformed the S&P 500 by 3.09% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.4% in the last 1 week, and is up 10.06% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Automatic Data Processing (NASDAQ:ADP): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $95.51 and $94.75 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $95.69. The buying momentum continued till the end and the stock did not give up its gains. It closed at $95.44, notching a gain of 0.59% for the day. The total traded volume was 1,221,373 . The stock had closed at $94.88 on the previous day.


The stock has recorded a 20-day Moving Average of 2.94% and the 50-Day Moving Average is 6.99%. Automatic Data Processing, Inc. is up 7.11% in the last 3-month period. Year-to-Date the stock performance stands at 14.05%.

Automatic Data Processing, Inc. (ADP) is a provider of human capital management (HCM) solutions and business process outsourcing. The Company operates through two segments: Employer Services and Professional Employer Organization (PEO) Services. The Employer Services segment offers a range of business outsourcing and technology-enabled HCM solutions. These offerings include payroll services, benefits administration, recruiting and talent management, human resources management, insurance services, retirement services and payment and compliance solutions. The Companys PEO business, ADP TotalSource, offers small and mid-sized businesses human resources (HR) outsourcing solution through a co-employment model. ADP TotalSource includes HR management and employee benefits functions, including HR administration, employee benefits and employer liability management, into a single-source solution, including HR administration, employee benefits and employer liability management.

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