Chart of the Day: Automatic Data Processing Inc - 4/27/12
April 27, 2012
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Every trading day, we search our database for a stock that, in our humble opinion, is in solid technical condition and features a chart indicating the stock is ready to move higher.
Our base level investment philosophy is based on the concept of "own the best and ignore the rest." Thus, we focus our attention solely on the top ranked stocks in the strongest industry groups.
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A question we are constantly asked is: How do we find these top-rated stocks? In short, we follow a disciplined three-step process.
Step 1: Identify the Top Sectors and Industry Groups
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From more than 2400 stocks, the system identifies the top 5% in terms of earnings strength, earnings momentum, company performance, and relative strength.
Step 3: Select the Strongest Stocks in the Top Industry Groups
We then merge the two rankings and select the top ranked companies that are in the top Industry Groups. This keeps us focused on the best performing stocks in the leading sectors of the market.
And then every weekend, we rerun the ratings and start all over again!
The Chart of the Day
The chart listed below has met all of our fundamental criteria and currently displays a solid technical "set up" for a buy. The stocks highlighted in our daily chart reports are definitely on our radar, and may even be in some of our portfolios (see disclosure for details). Just to be clear, we are by no means recommending you buy this stock. However, we believe it is important to identify positive technical set-ups when looking for stocks, thus we consider this report a valuable tool for stock-pickers.
Stock |
Symbol |
Industry |
Stock Rating |
YTD % Gain |
S.T. Stop Loss |
| Automatic Data Processing Inc | ADP | Data Processing Services | 8.0 | +1.03% | $54.91 |
| Company Profile: Automatic Data Processing, Inc. (ADP) is engaged in providing business outsourcing solutions. ADP offers a range of human resource (HR), payroll, tax and benefits administration solutions from a single source. ADP is also a provider of integrated computing solutions to automotive, truck, motorcycle, marine, recreational vehicle and heavy machinery dealers worldwide. ADP’s segment includes Employer Services, Professional Employer Organization (PEO) Services and Dealer Services. In August 2010, ADP acquired of two businesses, Cobalt and Workscape, Inc. During the fiscal year ended June 30, 2010 (fiscal 2010), it acquired DO2 Technologies Inc., OneClick HR plc and Workscape, Inc. In March 2011, the Company acquired AdvancedMD. In October 2011, the Company acquired WALLACE - The Training Tax Credit Company. In January 2012, the Company acquired Indian payroll business of Randstad Holding NV. In April 2012, it acquired the human resource solutions subsidiary of SHPS, Inc. | |||||
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Stock Rating: Annualized Profit Projections: Disclosure: Note: Positions may be bought or sold while this publication is in circulation without notice. Automatic Data Processing Inc - Last 3 Months - Automatic Data Processing Inc - Last 12 Months Automatic Data Processing Inc - Last 5 Years | |||||
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