Allscripts Healthcare Solutions (MDRX) 10/9/09 PriceWatch Alert Could Hit 14.53% Return
Posted: Friday, October 09, 2009 8:30 AM EDT
By: Market Intelligence Center Staff
Allscripts Healthcare Solutions (NasdaqNM: MDRX) closed yesterday at $20.74. So far the stock has hit a 52-week low of $4.20 and 52-week high of $20.94. Allscripts Healthcare Solutions stock has been showing support around 20.10 and resistance in the 21.26 range. Technical indicators for the stock are Bullish. MDRX appears on the Investors Observer Stocks In The News list. Wells Fargo initiated MDRX at Outperform on Tuesday. For a hedged play on this stock, look at a Mar '10 17.50 covered call (MXQ CW) for a net debit in the $16.44 area. That is also the break even stock price for this trade. This covered call has a 162 day duration, provides 20.73% downside protection and a 6.45% assigned return rate for a 14.53% annualized return rate (comparison purposes only). Allscripts Healthcare Solutions does not pay dividends at this time. [FBB-Seven Summits Research]
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