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Byline: David Saito-Chung
IDX Systems broke out to 52-week highs in August and gained more than 50% to a high of 27.44 in September. The stock has digested its gains the past 10 weeks. Notice on the weekly chart to the right how the stock found support at its 50-day moving average.
The South Burlington, Vt.-based firm provides information technology to hospitals and large physician-group practices. On Sept. 19, IDX said it nailed a $100 million contract with the University College of London's eight-hospital network. It might ink more deals in Britain, according to an Oct. 24 New America ...