Morning chart-ADP forms high base!

Gary Kwapik

By Gary Kwapik — Author

Hello Everyone,

ADP has formed a high range base with a breakout imminent. Stock also

currently in a squeeze to further make this an interested setup.

ADX is low as usual with MACD histogram going green.

Watch for breakout with a possible move to the 90 area. IV is moderate so debit spreads could be used here. Earnings are due out Feb 4th.

Posted to Stock & Option Scout on Jan 23, 2015 — 9:01 AM

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{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member

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