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Allscripts Healthcare Solutions Crosses Below its 10-day MA (MDRX)

By David Diaz

Today, shares of Allscripts Healthcare Solutions (NASDAQ:MDRX) have crossed bearishly below their 10-day moving average of $12.24 on a volume of 1.7 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Allscripts Healthcare Solutions share prices have moved between a 52-week high of $23.13 and a 52-week low of $8.84 and are now trading 34% above that low price at $11.86 per share. The 200-day and 50-day moving averages have moved 0.16% lower and 0.73% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Allscripts Healthcare Solutions on January 10th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $11.71. Since that recommendation, shares of Allscripts Healthcare Solutions have risen 6.5%. We continue to monitor MDRX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses allscripts healthcare solutions

Ticker(s): MDRX