Automotaic Data Processing (ADP is now in a breakout zone

Automatic Data Processing Inc.'s (NYSE: ADP)board approved raising the quarterly dividend to 34 cents a share from 33 cents, according to the company's statement on Tuesday.

The Automatic Data Processing Inc. (ADP) stock moved up partly by to $43.1, from around $42.9, on Monday's closing. However, Automatic Data Processing Inc. (ADP) stock appears to be showing a postive trendline and is all set to test higher rsistance level, since it is now in a breakout zone.