Expect a BREAKDOWN in Automatic Data Processing (ADP) if This Happens

In looking at the chart, I believe Automatic Data Processing (ADP) is headed for a strong move lower if it breaks this level… 

Automatic Data Processing (ADP) is one of the top providers of cloud-based human resources administration. The company’s solutions include payroll, talent management, and benefits administration. ADP has a strong business model with high recurring revenues, robust client retention, and low capital expenditures.

Take a look at the 1-year chart of ADP below with my added notations…

Continue reading at STOCKNEWS.com