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Allscripts Healthcare Solutions Set to Possibly Rebound After Yesterday's Selloff of 2.53%

By Nick Russo

Allscripts Healthcare Solutions (NASDAQ:MDRX) traded in a range yesterday that spanned from a low of $11.64 to a high of $12.35. Yesterday, the shares fell 2.5%, which took the trading range below the 3-day low of $12.21 on volume of 3.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Allscripts Healthcare Solutions share prices have been bracketed by a low of $8.84 and a high of $23.13 and are now at $12.13, 37% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.7%.

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: rebounders allscripts healthcare solutions

Ticker(s): MDRX