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Allscripts Healthcare Solutions Set to Possibly Rebound After Yesterday's Selloff of 3.08%

By Nick Russo

Allscripts Healthcare Solutions (NASDAQ:MDRX) traded in a range yesterday that spanned from a low of $12.84 to a high of $13.35. Yesterday, the shares fell 3.1%, which took the trading range below the 3-day low of $12.84 on volume of 1.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Allscripts Healthcare Solutions and will alert subscribers who have MDRX in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Allscripts Healthcare Solutions have traded between a low of $8.84 and a high of $23.13 and are now at $12.91, which is 46% above that low price. The 200-day and 50-day moving averages have moved 0.16% lower and 0.73% higher over the past week, respectively.

Keywords: rebounders allscripts healthcare solutions

Ticker(s): MDRX