H&R Block (HRB) NewsBite - HRB Hits 52-Week Low

Posted: Tuesday, April 28, 2009 3:15 PM EDT

H and R Block (NYSE: HRB) hit a new 52-Week low of $14.83 so far today. Currently the stock is down $0.33 (-2.17%) to $14.88 on 3,011,111 shares traded. Today's low is down $13.09 from a 52-Week high of $27.97. H and R Block stock has been showing support around $14.71 and resistance in the $15.89 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 July out-of-the-money bear-call credit spread above the 17.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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