Barchart.com's Chart of the Day - H & R Block (HRB)

Barchart Research Team - BC - Wed Feb 13, 4:08PM CST

 

H & R Block (HRB) is the nations largest tax preparation service and benefits for the tangled and confusing tax code. The Company will not only prepare your tax return but offers to review your past returns for missed deductions. Since triggering a Trend Spotter buy on 1/2 at 19.06 the stock is up almost 30% and may still have room to grow.

The stock was on the Barchart New High list and in the past month hit 18 new highs and seems not to be losing momentum.


The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 18 new highs and up 29.51% in the last month
• Relative Strength Index 86.04
• Barchart computes a technical support level at 24.22
• Recently traded at 24.84 with a 50 day moving average of 20.37

Fundamental factors:

• Market Cap - $6.73 billion
• P/E - 19.56
• Dividend yield - 3.27%
• Analysts issued 2 strong buy 1 hold and 1 strong sell recommendation
• They project revenue to be up 3.20% this year and another 2.30% next year
• Earnings are estimated to be up 30.50% this year, 10.20% next year and to continue to increase annually by 12.00% for the next 5 years
• Financial strength B+

Sell strategy - sell if it drops 10% from your entry point or if the stock trades below its 50 day moving average.