H&R Block $HRB was Testing Resistance, If You Bothered to Look.

H&R Block (NYSE: HRB) was Testing Resistance, If You Bothered to Look.  Review the technical data below, and you will see that near, mid, and longer term data was tested.  You should check resistancelevels for all your stocks too.  These matter, and HRB is a case in point.

Review the Trading Plans:

Technical Summary

Term →Near Mid Long
Bias Neutral Neutral Neutral
P1 28.18 27.51 25.37
P2 28.70 28.79 27.53
P3 29.78 30.14 29.73

Long Term Trading Plans for HRB

June 13, 2018, 8:55 am ET

The technical Summary and associated Trading Plans for HRB listed below will help you make important timing decisions for your trades. This data is based on our proprietary analysis for HRB. In addition we offer Market Timing Models and Stock Filters in the links above which may increase the proficiency of the decisions you make.

HRB - (Long) Support Plan

Buy over 27.53 target 29.73 stop loss @ 27.27.
The technical summary data tells us to buy HRB near 27.53 with an upside target of 29.73. This data also tells us to set a stop loss @ 27.27 to protect against excessive loss in case the stock begins to move against the trade. 27.53 is the first level of support below 29.54 , and by rule, any test of support is a buy signal. In this case, support 27.53 is being tested, a buy signal would exist.

HRB - (Short) Resistance Plan

Short under 29.73 target 27.53 stop loss @ 29.99
The technical summary data is suggesting a short of HRB as it gets near 29.73 with a downside target of 27.53. We should have a stop loss in place at 29.99 though. 29.73 is the first level of resistance above 29.54, and by rule, any test of resistance is a short signal. In this case, if resistance 29.73 is being tested, a short signal would exist.


HRB Long Term Analysis


HRB EPS Analysis

HRB Revenue chart

HRB Growth rate - Quarterly

HRB Growth rate - Yearly

HRB PE chart

HRB PEG chart

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