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H&R Block Set to Possibly Pullback After Yesterday's Rally of 2.67%

By James Quinn

H&R Block (NYSE:HRB) traded in a range yesterday that spanned from a low of $29.86 to a high of $30.75. Yesterday, the shares gained 2.7%, which took the trading range above the 3-day high of $30.08 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 have traded between a low of $19.18 and a high of $37.53 and are now at $30.64, which is 60% 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 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 27.4%. We continue to monitor HRB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders h&r block

Ticker(s): HRB