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Look for Shares of H&R Block to Potentially Rebound after Yesterday's 1.86% Sell Off

By Shiri Gupta

H&R Block (NYSE:HRB) traded in a range yesterday that spanned from a low of $23.92 to a high of $24.41. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $23.97 on volume of 2.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

H&R Block share prices have moved between a 52-week high of $37.53 and a 52-week low of $19.18 and are now trading 25% above that low price at $23.96 per share. 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 is monitoring the recent change of momentum in H&R Block. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of H&R Block in search of a potential trend change.

Keywords: rebounders h&r block

Ticker(s): HRB