Allscripts Healthcare Solutions (MDRX) NewsBite - MDRX Upgraded By Argus

Posted: Monday, November 10, 2008 1:48 PM EDT

Allscripts Healthcare Solutions (MDRX) was upgraded today by analysts at Argus and the stock is now at $7.17, up $0.10 (1.41%) on volume of 302,279 shares traded. The brokerage upped the stock to "Buy" from "Hold." Over the last 52 weeks the stock has ranged from a low of $4.20 to a high of $20.63. Allscripts Healthcare Solutions stock has been showing support around $6.72 and resistance in the $7.50 range. Technical indicators for the stock are bearish and S&P does not currently have a STARS rating for MDRX. If you are looking for a hedged play on MDRX the stock seems like it could be a candidate for a March out-of-the-money bull-put credit spread below the 5 range. [ABR-Seven Summits Strategic Investments NewsBite]

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