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Shares of Allscripts Healthcare Solutions Receive a Boost, Up 2.9%

Published on Mon, 02/25/2013 - 11:16
By Robert Cotter

One of today's notable stocks on the rise is Allscripts Healthcare Solutions (NASDAQ:MDRX), up 2.9% to $12.46. The Dow is trading fractionally higher to 14,009 and the S&P is currently trading fractionally higher to 1,517.

Allscripts Healthcare Solutions (NASDAQ:MDRX) has potential upside of 3.0% based on a current price of $12.46 and analysts' consensus price target of $12.83. The stock should find initial support at its 200-day moving average (MA) of $11.06 and further support at its 50-day MA of $10.48.

In the past 52 weeks, shares of Allscripts Healthcare Solutions have traded between a low of $8.84 and a high of $23.13 and are now at $12.46, which is 41% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.7%.

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.

By Robert Cotter
rcotter@fnno.com