Allscripts Healthcare Solutions (MDRX) NewsBite - Wells Fargo Initiates MDRX at Outperform

Posted: Tuesday, October 06, 2009 1:44 PM EDT

Allscripts Healthcare Solutions (NasdaqNM: MDRX) opened at $19.57. So far today, the stock has hit a low of $19.52 and a high of $20.41. MDRX is now trading at $20.21, up $0.75 (3.85%). Over the last 52 weeks the stock has ranged from a low of $4.20 to a high of $20.61. MDRX shares are rising today after analysts at Wells Fargo initiated the stock at Outperform. Technical indicators for the stock are bullish 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 17.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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