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SmarTrend Watching for Potential Pullback in Shares of Allscripts Healt After 1.15% Gain

By David Diaz

Allscripts Healt (NASDAQ:MDRX) traded in a range yesterday that spanned from a low of $10.38 to a high of $10.61. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $10.51 on volume of 335,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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

In the past 52 weeks, Allscripts Healt share prices have been bracketed by a low of $8.54 and a high of $16.13 and are now at $10.50, 23% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has remained constant.

Keywords: rebounders allscripts healt

Ticker(s): MDRX