Recent 52-Week High Exceeded in Shares of H&R Block (HRB)
Shares of H&R Block (NYSE:HRB) traded today at $24.27, breaking its 52-week high. This new high was reached on below average trading volume as 198,000 shares traded hands, while the average 30-day volume is approximately 4.8 million shares.
H&R Block (NYSE:HRB) is currently priced 6.1% above its average consensus analyst price target of $22.75. The stock should discover initial support at its 50-day moving average (MA) of $19.85 and subsequent support at its 200-day MA of $17.21.
H&R Block, Inc. provides a wide range of financial products and services through its subsidiaries. The Company provides tax services to the general public, accounting and consulting services, and consumer financial and personal productivity software. H&R Block provides its tax services to clients in the United States and other countries.
Over the past year, H&R Block has traded in a range of $14.35 to $24.27 and is now at $24.23, 69% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 2.4%.
SmarTrend recommended that subscribers consider buying shares of H&R Block on July 16th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $16.53. Since that recommendation, shares of H&R Block have risen 45.8%. We continue to monitor HRB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows h&r block