Eclipsys (ECLP) NewsBite - ECLP Upgraded By Caris & Company

Posted: Friday, November 06, 2009 2:07 PM EDT

Eclipsys (ECLP) was upgraded today by analysts at Caris & Company and the stock is now at $19.80, up $0.24 (1.23%) on volume of 559,076 shares traded. The analysts upped ECLP to Above Average from Average. Over the last 52 weeks the stock has ranged from a low of $7.39 to a high of $21.15. Eclipsys stock has been showing support around $18.34 and resistance in the $20.48 range. Technical indicators for the stock are neutral and S&P gives ECLP a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on ECLP the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 17.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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