Allscripts Healthcare Solutions (MDRX) NewsBite - MDRX Upgraded By Piper Jaffray

Posted: Friday, September 18, 2009 9:56 AM EDT

Allscripts Healthcare Solutions (MDRX) was upgraded today by analysts at Piper Jaffray and the stock is now at $18.24, up $0.94 (5.43%) on volume of 324,432 shares traded. The analysts lifted MDRX to Overweight from Neutral. Over the last 52 weeks the stock has ranged from a low of $4.20 to a high of $17.48. Allscripts Healthcare Solutions stock has been showing support around $16.83 and resistance in the $17.71 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 December out-of-the-money bull-put credit spread below the 15 range. [ABR-Seven Summits Strategic Investments NewsBite]

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