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Watch for H&R Block Inc to Potentially Pullback After Gaining 2.72% Yesterday

By Nick Russo

H&R Block Inc (NYSE:HRB) traded in a range yesterday that spanned from a low of $23.98 to a high of $24.07. Yesterday, the shares gained 2.7%, which took the trading range above the 3-day high of $23.89 on volume of 1.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

H&R Block Inc share prices have moved between a 52-week high of $29.62 and a 52-week low of $22.79 and are now trading 7% above that low price at $24.43 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.

SmarTrend is tracking the current trend status for H&R Block Inc and will alert subscribers who have HRB in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders h&r block inc

Ticker(s): HRB