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Watch for Continued Losses in Shares of H&R Block Inc (HRB)

By Nick Russo

Shares of H&R Block Inc (NYSE:HRB) traded at a new 52-week low today of $23.53. Approximately 10.1 million shares have changed hands today, as compared to an average 30-day volume of 1.9 million shares.

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 Inchas traded in a range of $23.53 to $31.80 and are now at $23.62. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has remained constant.

H&R Block Inc (NYSE:HRB) has potential upside of 31.3% based on a current price of $23.62 and analysts' consensus price target of $31.00. The stock should run into initial resistance at its 200-day moving average (MA) of $26.51 and subsequent resistance at its 50-day MA of $27.41.

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: 52 week high/lows h&r block inc

Ticker(s): HRB