H&R Block Crosses Above its 10-day MA (HRB)

Published on Wed, 02/27/2013 - 12:15
By Mallory Stone in Moving average crossovers, HRB, h&r block, moving crosses, nyse:hrb

H&R Block (NYSE:HRB) crossed over its 10-day moving average of $24.73 on a volume of 1.5 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

H&R Block (NYSE:HRB) is currently priced 6.3% above its average consensus analyst price target of $23.36. The stock should discover initial support at its 50-day moving average (MA) of $21.41 and subsequent support at its 200-day MA of $17.78.

H&R Block, Inc. provides a wide range of financial products and services through its subsidiaries. The Company provides tax services to the general public, accounting and consulting services, and consumer financial and personal productivity software. H&R Block provides its tax services to clients in the United States and other countries.

H&R Block share prices have moved between a 52-week high of $25.23 and a 52-week low of $14.35 and are now trading 74% above that low price at $24.94 per share. The 200-day and 50-day moving averages have moved 0.85% higher and 1.71% higher over the past week, respectively.

By Mallory Stone
mstone@fnno.com

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