BUY! H&R BLOCK INC (HRB) NYSE

  Report No. 1893    Analysis by: Harry Aloof     NOVEMBER 28, 2003

H&R BLOCK INC (HRB-NYSE): Technical Viewpoint: From a low of $41.23 on Sep 26, 2003 prices rallied, reaching a high of $49.21 on Nov 13, 2003. A decline saw prices pull back, reaching a low of $47.28 on Nov 17, 2003. Another rally saw prices penetrate resistance, closing 11/26/03 at $53.41. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Oct 2, 2003 when the Histogram crossed the "0" line to the upside. Support: Remains at $48.00. Resistance: Is at $53.50. Point & Figure: Reversed to the upside on Nov 26, 2003. A P&F upside reversal takes place at $51.50. Summary: Technical indicators have turned bullish. BUY! H&R BLOCK INC (HRB-NYSE) @ $53.50 Stop: Use a protective stop of $51.50. H&R BLOCK INC is currently trading @ $53.41 plus $4.01 on Nov 26, 2003. Price Objective: $68.00. Risk/Reward: $2.38 VS. $14.50. Today's Risk Reward Ratio: 6:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$68.00 Risk/Reward:
$2.38 VS. $14.50 Risk/Reward Ratio:
6:1
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