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After Yesterday's Rally of 1.82% Shares Could Potentially Pullback

By Nick Russo

H&R Block (NYSE:HRB) traded in a range yesterday that spanned from a low of $25.20 to a high of $25.82. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $25.42 on volume of 872,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of H&R Block on March 8th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $23.48. Since that recommendation, shares of H&R Block have risen 7.6%. We continue to monitor HRB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, H&R Block share prices have been bracketed by a low of $19.18 and a high of $37.53 and are now at $25.77, 34% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 4% while the 200-day MA has slid 0.7%.

Keywords: rebounders h&r block

Ticker(s): HRB