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H&R Block Inc (HRB) Breaks Through Resistance at $23.41

By Shiri Gupta

Shares of H&R Block Inc (NYSE:HRB) have bullishly opened above the pivot of $23.25 today and have reached the first resistance level of $23.41. Investors may be interested in a cross of the next upside pivot targets of $23.56 and $23.87.

In the past 52 weeks, H&R Block Inc share prices have been bracketed by a low of $22.96 and a high of $29.62 and are now at $23.26, 1% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1%.

H&R Block Inc (NYSE:HRB) has potential upside of 33.3% based on a current price of $23.26 and analysts' consensus price target of $31.00. The stock should run into initial resistance at its 50-day moving average (MA) of $25.27 and subsequent resistance at its 200-day MA of $25.87.

SmarTrend recommended that its subscribers protect gains by selling shares of H&R Block Inc on August 5th, 2019 by issuing a Downtrend alert when the shares were trading at $26.96. Since that call, shares of H&R Block Inc have fallen 13.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: pivot alerts h&r block inc

Ticker(s): HRB