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Bullish Moving Average Cross by H&R Block Inc (HRB)

By Amy Schwartz

Today, shares of H&R Block Inc (NYSE:HRB) have advanced above their 10-day MA of $24.29 on a volume of 490K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

H&R Block Inc share prices have moved between a 52-week high of $29.62 and a 52-week low of $22.96 and are now trading 6% above that low price at $24.45 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 1.1%.

SmarTrend recommended that its subscribers protect gains by selling shares of H&R Block Inc on August 5th, 2019 by issuing a Downtrend alert when the shares were trading at $26.96. Since that call, shares of H&R Block Inc have fallen 10.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses h&r block inc

Ticker(s): HRB