Downtrend Spotted in Shares of H&R Block (HRB)
SmarTrend identified a Downtrend for H&R Block (NYSE: HRB) on February 05, 2010 at $20.80. In approximately 1 month, H&R Block has returned 18.7% as of today's recent price of $16.91.
H&R Block is currently below its 50-day moving average of $20.01 and below its 200-day moving average of $18.63. Look for these moving averages to decline to confirm the company's downward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of H&R Block.
Write to Chip Brian at cbrian@tradethetrend.com
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