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H&R Block Inc Bearish Moving Average Crossover Alert (HRB)

By Nick Russo

Today, shares of H&R Block Inc (NYSE:HRB) have fallen below their 10-day MA of $28.19 on a volume of 11.9 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, H&R Block Inc share prices have been bracketed by a current low of $23.33 and a high of $31.80 and are now at $24.08. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.0%.

SmarTrend recommended that subscribers consider buying shares of H&R Block Inc on April 25th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $27.72. Since that recommendation, shares of H&R Block Inc have risen 6.8%. We continue to monitor HRB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses h&r block inc

Ticker(s): HRB