Anybody saw $ADP hitting its ABCD completion? Trump has overshadowed the fact that US Services PMI just came in 2pts below expectations and the major auto companies have been laying off workers as inventory piles up. ADP operating margins are at -1 standard deviation levels while its valuations metrics are at +1 standard deviation into a slowing economy. 1.6%...
Market is turning bearish again and ADP looks like it has completed a counter-trend rally to the 78.6% retracement level. ABCD downside projection of $128, -c.12% with stops placed within 3% of current price; 4:1 risk reward ratio.
Shortlisted with FINVIZ, all indicators show bullish momentum, we're looking into going long for ADP. SSB: Ensure TP is before highest point within last 6 months.
Our Quant Algo has been flashing a short signal on ADP. Expect the price to fall to atleast $123. ** This signal is the result of a quantitative analysis.
If the price bounces to $ 141.44, it'll continue in phase 2, but I think it's starting phase 3 because the RSI is down and the force of sale takes more than 2 years.
I don't have a price target for ADP but it is interesting to see the resistance at $140 and the lower lows with a negatively diverging MACD. This is ultimately a bearish pattern.
Today's statistics on the US labor market may well disappoint. At least, this is indicated by data on the level of employment in the private sector from ADP. With an average forecast of experts in +190K, in fact the figure was +177K. Overall, there is nothing terrible in this figure. By itself, it is very, very good. The problem is that the States have become a...
This presented as a low risk trade, Love these ebb and flow of trending price action
looking for a pull back into support and buy signal for a long entry!
When low beta moves, OTM options plays can be very rewarding.... weeklies and monthlies at play here
Might get a bounce on support if we hold it. good opp. to go long
Targets : Citigroup 118 / Barclays 121 / GS 135