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Shares of Allscripts Healthcare Solutions Under Pressure, Down 2.5%

Published on Mon, 02/04/2013 - 13:30
By Mallory Stone

Allscripts Healthcare Solutions (NASDAQ:MDRX), a company whose shares are moving quickly, is trading 2.5% lower to $10.65. The Dow Jones Industrial Average is now trading 0.8% lower to 13,895 and the S&P is trading 0.9% lower to 1,500.

Allscripts Healthcare Solutions has overhead space with shares priced $10.65, or 13.1% below the average consensus analyst price target of $12.25. The stock should hit resistance at its 200-day moving average (MA) of $11.24, as well as support at its 50-day MA of $10.62.

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 $10.65, which is 20% above that low price. The 200-day and 50-day moving averages have moved 1.09% lower and 1.07% lower over the past week, respectively.

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 Mallory Stone
mstone@fnno.com