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H&R Block Inc Set to Possibly Rebound After Yesterday's Selloff of 18.28%

By James Quinn

H&R Block Inc (NYSE:HRB) traded in a range yesterday that spanned from a low of $23.33 to a high of $24.50. Yesterday, the shares fell 18.3%, which took the trading range below the 3-day low of $28.77 on volume of 18.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

In the past 52 weeks, H&R Block Inc share prices have been bracketed by a current low of $23.33 and a high of $31.80 and are now at $24.17. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.0%.

Keywords: rebounders h&r block inc

Ticker(s): HRB