MDRX - When the Price of Allscripts-misys Talks People Listen
This is not EF Hutton, but it could be more powerful. A picture speaks a thousand words, they say, and the price action of Allscripts-misys (NASDAQ: MDRX) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for MDRX can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
| Term ? | Near | Mid | Long |
|---|---|---|---|
| Bias | |||
| Strong | |||
| Neutral | |||
| Strong | |||
| P1 | |||
| 0 | |||
| 0 | |||
| 15.26 | |||
| P2 | |||
| 15.73 | |||
| 15.52 | |||
| 16.97 | |||
| P3 | |||
| 0 | |||
| 15.75 | |||
| 18.75 |
Long Term Trading Plans for MDRX
April 15, 2021, 12:45 pm ET
The Technical Summary and Trading Plans for MDRX help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this MDRX Report.
MDRX - (Long) Support Plan
The technical summary data tells us to buy MDRX near 15.26 with an upside target of 16.97. This data also tells us to set a stop loss @ 15.22 to protect against excessive loss in case the stock begins to move against the trade. 15.26 is the first level of support below 15.71 , and by rule, any test of support is a buy signal. In this case, support 15.26 would be being tested, so a buy signal would exist.
MDRX - (Short) Resistance Plan
The technical summary data is suggesting a short of MDRX as it gets near 16.97 with a downside target of 15.26. We should have a stop loss in place at 17.02though. 16.97 is the first level of resistance above 15.71, and by rule, any test of resistance is a short signal. In this case, if resistance 16.97 is being tested, so a short signal would exist.