Eclipsys (ECLP) NewsBite - ECLP Upgraded By Jefferies & Co.

Posted: Monday, November 23, 2009 1:42 PM EDT

Eclipsys (ECLP) was upgraded today by analysts at Jefferies & Co. and the stock is now at $19.85, up $0.75 (3.93%) on volume of 435,818 shares traded. The brokerage upgraded the stock to Hold from Underperform. Over the last 52 weeks the stock has ranged from a low of $7.39 to a high of $21.15. Eclipsys stock has been showing support around $18.60 and resistance in the $19.52 range. Technical indicators for the stock are neutral and S&P gives ECLP a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on ECLP the stock seems like it could be a candidate for a March out-of-the-money bull-put credit spread below the 17.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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