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H&R Block's Shares Changing Hands at Lower Prices on 1.2x Above-Average Volume (HRB)

Published on Tue, 02/19/2013 - 14:25
By Mallory Stone

H&R Block shares are trading on heavy volume today, having fallen 2.0% to $24.59. Today's volume of 5.8 million shares tops the average 30-day volume of 4.8 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

In the past 52 weeks, H&R Block share prices have been bracketed by a low of $14.35 and a high of $25.23 and are now at $24.59, 71% above that low price. Over the past week, the 200-day moving average (MA) has gone up 1.3% while the 50-day MA has advanced 3.4%.

H&R Block (NYSE:HRB) is currently priced 7.5% above its average consensus analyst price target of $22.75. The stock should find initial support at its 50-day moving average (MA) of $20.66 and further support at its 200-day MA of $17.48.

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.

By Mallory Stone