Allscripts Healthcare Solutions (MDRX) NewsBite - MDRX Is On the Move

Posted: Friday, April 17, 2009 2:50 PM EDT

Allscripts Healthcare Solutions (MDRX) appears to be on the move today and is now at $11.58, up $0.42 (3.76%) on volume of 1,226,370 shares traded. Over the last 52 weeks the stock has ranged from a low of $4.20 to a high of $15.96. Allscripts Healthcare Solutions stock has been showing support around $10.48 and resistance in the $11.58 range. Technical indicators for the stock are neutral 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 June out-of-the-money bull-put credit spread below the 10 range. [ABR-Seven Summits Strategic Investments NewsBite]

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