H and R Block (HRB) NewsBite - HRB Is On the Move

Posted: Thursday, April 09, 2009 11:26 AM EDT

H and R Block (HRB) appears to be on the move today and is now at $15.65, down $0.73 (-4.46%) on volume of 2,262,950 shares traded. Over the last 52 weeks the stock has ranged from a low of $15.00 to a high of $27.97. H and R Block stock has been showing support around $15.79 and resistance in the $17.27 range. Technical indicators for the stock are bearish and S&P gives HRB a negative 2 STARS (out of 5) sell ranking. If you are looking for a hedged play on HRB the stock seems like it could be a candidate for a May out-of-the-money bear-call credit spread above the 17.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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