New York, March 11th (TradersHuddle.com) - Shares of Automatic Data Processing, Inc. (NYSE:ADP) are trading very close to calculated resistance at $44.08 with the current price action closing at just $43.88 placing the stock near levels that make it difficult to buy.

Automatic Data Processing, Inc. (NYSE:ADP) is a global provider of business outsourcing solutions. The Company's services include a wide range of human resource, payroll, tax and benefits administration solutions. Automatic Data also provides solutions to auto, truck, motorcycle, marine and recreational vehicle dealers. Its solutions enable employers to staff, manage, pay, and retain their employees in the United States, Canada, Europe, South America, Australia, and Asia. The Professional Employer Organization Services segment provides employment administration outsourcing solutions, including payroll, payroll tax filing, HR guidance, and 401(k) plan administration for employees primarily in the United States.

ADP's current stock range is defined by current calculated support defined at $40.39 and by the resistance level at $44.08, the stock is clearly over-extended from support, making it difficult to establishing new long positions at this level.

Traders don't have a clear entry point for ADP, as the stock is well above support, however, as the stock pulls back towards $40.39 it will definitely provide a reference point to establish a trade. On the other hand if the stock decides to break above resistance level at $44.08 then traders will get an opportunity to enter ADP stock by establishing a position as the stock moves to a higher range.