Allscripts Healthcare Solutions (MDRX) has risen sharply, recording gains of 12.45% in the past 4 weeks. However, the stock has corrected -0.79% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 5.33% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Allscripts Healthcare Solutions (NASDAQ:MDRX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.75 and $13.70 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.89. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.82, notching a gain of 0.29% for the day. The total traded volume was 1,053,650 . The stock had closed at $13.78 on the previous day.
The stock has recorded a 20-day Moving Average of 3.7% and the 50-Day Moving Average is 4.84%. Allscripts Healthcare Solutions, Inc. has dropped 0.65% during the last 3-month period . Year-to-Date the stock performance stands at -10.14%.
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.