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
|
Click here to view full size chart
|