$ADP with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NASDAQ:ADP after a positive over reaction following its earnings release placing the stock in drift A with an expected accuracy of 100%.
2.09%
8.25USD
3.412BUSD
18.012BUSD
409.834M
About Automatic Data Processing, Inc.
Sector
Industry
CEO
Maria Black
Website
Headquarters
Roseland
Employees (FY)
63K
Founded
1949
ISIN
US0530151036
Automatic Data Processing, Inc. engages in the provision of business outsourcing solutions in cloud-based human capital management. It operates through the following business segments: Employer Services, Professional Employer Organization Services, and Other. The Employer Services segment provides clients from single-employee small businesses to large enterprises offering human resources outsourcing and technology-based human capital management solutions and cloud-based platforms. The Professional Employer Organization Services segment offers small and mid-sized businesses a human resource outsourcing solution through a co-employment mode. The Other segment includes the certain corporate overhead charges and expenses that have not been allocated to the reportable segments. The company was founded by Henry Taub in 1949 and is headquartered in Roseland, NJ.
AUTOMATIC PROCESSING DATA Stock Chart 070223Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 216/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
ADP might push with force through 200MAADP has accumulated a lot of pressure below the 200 ma and the demand started to rise. A push through 200 MA must be done with force to bend it upwards.
Fundamentally, ADP is one of the companies that manage to beat EPS expectations every quarter, the management increased its FY2023 guidance again.
ADP BREAKOUT #adp has broken out and appears bullish.
take trend continuation setups along the way.
take profits when they are available.
follow risk management, take easy setups.
ADP UnpredictableAlthough ADP has an average growth of sales every year of around 5.52% but it still would appear as if the stock is being overbought. The P/E ratio is given a relative sector grade of D- for having a difference to other companies in the sector by over a 70% margin. RSI index indicates that the stock
ADP Earningstrade Summary ADP Earningstrade Summary:
Entry: 2023-JAN-24
Exit: 2023-MAY-17
Days: 113
Risk: 20,000
Premiums: 410.30
ann ROI: 410.30/20,000*365/113 = 6,6%
I had to roll this trade several times.
I closed the last put option a month before expiration because the option
$ADP with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NASDAQ:ADP after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 72.73%.
ADP - Unique Inverted H&SADP has formed this inverse H&S which I plotted using curves.
This is not a price forecast but a view of a pattern.
The H&S pattern is quite common but ones like this I don't see often.
The curved left and right shoulders really stand out.
$ADP with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $ADP after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 100%.
ADP Automatic Data Processing Options Ahead of EarningsLooking at the ADP Automatic Data Processing options chain ahead of earnings , I would buy the $240 strike price Puts with
2023-2-17 expiration date for about
$6.55premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your
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