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Allscripts Healthcare Solutions (MDRX) Trading Near $12.42 Support Level

Nov 10, 2017 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on Allscripts Healthcare Solutions (<a href="http://www.marketintelligencecenter.com/symbol/MDRX">MDRX</a>) MarketIntelligenceCenter.comaEUR(TM)s patented trade-picking algorithms recommend the Jun 15, 2018 $12 covered call for a net debit in the $11.06 area. That is also the break-even stock price for the covered call. This trade will return 8.49%, or 14.29% annualized (for comparison purposes only), in 217 days. This covered call also provides 12.63% downside protection. The current 52-week low is $9.96 and the 52-week high is $14.45. Allscripts Healthcare Solutions stock has been showing support around $12.42 and resistance in the $13.10 range. The stock closed Nov 9, 2017's trading session at $12.65. Technical indicators for the stock are bearish and S&P gives MDRX a 4 STARS (out of 5) buy ranking.

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