Automatic Data Processing Inc

ADP is in a Stage 2 advancing trend with a primary Lockout Rally actively driving forced short covering and reclaiming EMAs. Medium-term bias remains bullish, backed by clear higher highs and higher lows. Short-term bias is bullish under the Lockout Rally override, despite overbought RSI and elevated options readings. Execution is Buy Now to participate in continuation above the breakout zone near prior resistance around 260, capturing forced demand dynamics.

• ↑Q3 revenue grew 7% to $4.2B; adjusted EPS +10%; EBIT margin +80bps
• ↑$6B share buyback and $1.34–$1.35B client funds interest guidance boost returns
• ↓Valuation appears stretched, raising overpricing concerns