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Shares of Allscripts Healthcare Solutions Receive a Boost, Up 2.1%

Published on Mon, 01/07/2013 - 11:20
By Adrienne Chilton

Allscripts Healthcare Solutions (NASDAQ:MDRX), a company whose shares are moving quickly, is trading 2.1% higher to $9.57. The S&P is trading lower by 0.3% to 1,462 and the Dow is trading 0.3% lower to 13,394.

Over the past year, Allscripts Healthcare Solutions has traded in a range of $8.84 to $23.13 and is now at $9.57, 8% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.8% while the 200-day MA has slid 1.4%.

Allscripts-Misys Healthcare Solutions, Inc. develops and markets clinical software. The Company's products include electronic health records, electronic prescribing, revenue cycle management, practice management, document management, medication services, hospital care management, emergency department information systems and homecare automation.

Allscripts Healthcare Solutions (NASDAQ:MDRX) has potential upside of 26.1% based on a current price of $9.57 and analysts' consensus price target of $12.07. The stock should run into initial resistance at its 50-day moving average (MA) of $11.52 and subsequent resistance at its 200-day MA of $11.84.

By Adrienne Chilton
achilton@fnno.com

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