Allscripts Healthcare Solutions (MDRX) : Traders are bullish on Allscripts Healthcare Solutions (MDRX) as it has outperformed the S&P 500 by a wide margin of 4.84% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.24%, 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 2.17% in the last 1 week, and is up 8.37% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.52% and the 50-Day Moving Average is 6.42%. Allscripts Healthcare Solutions, Inc. is up 5.37% in the last 3-month period. Year-to-Date the stock performance stands at -8.19%.
Allscripts Healthcare Solutions (NASDAQ:MDRX): On Fridays trading session , Opening price of the stock was $14.09 with an intraday high of $14.15. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $13.87. However, the stock managed to close at $14.12, a loss of 0.21% for the day. On the previous day, the stock had closed at $14.15. The total traded volume of the day was 2,082,070 shares.
Also, Citigroup maintains their rating on the shares of Allscripts Healthcare Solutions (NASDAQ:MDRX). The current rating of the shares is Neutral. Equity Analysts at the Firm raises the price target to $14 per share from $13 per share. The rating by the firm was issued on May 13, 2016.
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.