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Look for Shares of H&R Block Inc to Potentially Rebound after Yesterday's 18.28% Sell Off

By Amy Schwartz

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.

Over the past year, H&R Block Inchas traded in a range of $23.33 to $31.80 and are now at $24.17. The 200-day and 50-day moving averages have moved 0.05% lower and 0.96% higher over the past week, respectively.

Keywords: rebounders h&r block inc

Ticker(s): HRB