Company Shares of Allscripts Healthcare Solutions (NASDAQ:MDRX) Rally 6.45%

Allscripts Healthcare Solutions (NASDAQ:MDRX) : Traders are bullish on Allscripts Healthcare Solutions (NASDAQ:MDRX) as it has outperformed the S&P 500 by a wide margin of 4.6% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.1%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 6.45% in the last 1 week, and is up 6.28% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The company shares have rallied 3.90% from its 1 Year high price. On Dec 2, 2015, the shares registered one year high at $15.78 and the one year low was seen on Feb 19, 2016. The 50-Day Moving Average price is $12.97 and the 200 Day Moving Average price is recorded at $13.31.

The stock has recorded a 20-day Moving Average of 9.19% and the 50-Day Moving Average is 6.04%.


Allscripts Healthcare Solutions (NASDAQ:MDRX): stock turned positive on Friday. Though the stock opened at $13.66, the bulls momentum made the stock top out at $13.88 level for the day. The stock recorded a low of $13.64 and closed the trading day at $13.87, in the green by 2.44%. The total traded volume for the day was 2,377,613. The stock had closed at $13.54 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged that Hewitt James, officer (SVP Development) of Allscripts Healthcare Solutions, Inc., had unloaded 17,500 shares at an average price of $13 in a transaction dated on July 1, 2016. The total value of the transaction was worth $227,500.

Allscripts Healthcare Solutions, Inc. is engaged in engaged in delivering Information Technology (IT) and services. The Company sells its solutions to physicians, hospitals, governments, health systems, health plans, retail clinics, retail pharmacies, pharmacy benefit managers and post-acute organizations, such as home health and hospice agencies. The Company operates through three segments: Clinical and Financial Solutions, Population Health, and Managed Services. The Companys solutions enable healthcare professionals with the data, insights, and connectivity. The Company offers Ambulatory Solutions, Acute Care Solutions, Population Health Management Solutions and services. Ambulatory solutions include Allscripts TouchWorks HER and Allscripts Professional HER, among others. The Companys acute care offers clinical, access, financial, and departmental solutions. The Company designs its population health management solutions for hospitals, health systems, among others.

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