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Look for Shares of H&R Block Inc to Potentially Pullback after Yesterday's 2.06% Rise

By Amy Schwartz

H&R Block Inc (NYSE:HRB) traded in a range yesterday that spanned from a low of $23.27 to a high of $23.78. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $23.70 on volume of 1.2 million 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 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.

In the past 52 weeks, shares of H&R Block Inc have traded between a low of $22.96 and a high of $29.62 and are now at $23.74, which is 3% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1% while the 200-day MA has remained constant.

Keywords: rebounders h&r block inc

Ticker(s): HRB