H&R BLOCK INC
(HRB-NYSE):
Technical Viewpoint: From a low
of $18.10 on Nov 5, 2009 prices
rallied, reaching a
high of $20.83
on Dec 2, 2009. A
decline saw prices pull back, reaching a
low of
$19.57 on Dec 9, 2009.
Another rally saw prices penetrate
resistance, closing 12/24/09
at $21.59. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Dec 24, 2009 when the Histogram crossed the "0" line to the upside.
Support: Remains at $18.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Dec 27, 2009. A P&F upside
reversal takes place at $20.00. Summary: Technical indicators have turned bullish. BUY! H&R BLOCK INC
(HRB-NYSE) @ $21.75 Stop: Use a protective stop of $20.25.
H&R BLOCK INC is currently trading @ $21.59 plus $0.76 on Dec 24, 2009. Price Objective:
$28.50. Risk/Reward: $1.50 VS. $6.75. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$28.50
Risk/Reward:
$1.50 VS. $6.75
Risk/Reward Ratio:
5:1
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