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After Yesterday's Rally of 2.17% Shares Could Potentially Pullback

By Nick Russo

H&R Block Inc (NYSE:HRB) traded in a range yesterday that spanned from a low of $27.05 to a high of $27.62. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $26.97 on volume of 1.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of H&R Block Inc have traded between a low of $19.85 and a high of $31.80 and are now at $27.33, which is 38% 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%.

SmarTrend is monitoring the recent change of momentum in H&R Block Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of H&R Block Inc in search of a potential trend change.

Keywords: rebounders h&r block inc

Ticker(s): HRB