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Allscripts Healthcare Solutions (MDRX) Showing Bearish Technicals With Support At $13.28

Feb 09, 2018 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Allscripts Healthcare Solutions (<a href="http://www.marketintelligencecenter.com/symbol/MDRX">MDRX</a>). Look at the Jun 15, 2018 $13 covered call for a net debit in the $12.08 area.<br /> <br /> This trade has a duration of 126 days. The break-even point of this trade is the same as the net debit, which gives this trade 11.37% downside protection. If the stock closes at or above $13 at expiration this trade will return 7.61% or 22.06% (for comparison purposes only). <br /> <br /> MDRX closed Feb 8, 2018's trading session at $13.63. In the past year, the stock has hit a 52-week low of $11.25 and 52-week high of $16.13. Allscripts Healthcare Solutions stock has been showing support around $13.28 and resistance in the $14.34 range. Recent technical indicators for the stock are bearish.

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