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H&R Block (HRB) Downgrade Alert, Watch for 14.3% Technical Uptrend Reversal

Oct 26, 2009 (SmarTrend(R) Spotlight via COMTEX) --

Company: H&R Block Inc. (HRB)

H&R Block (NYSE:HRB) downgraded to Underweight from Equal Weight at Morgan Stanley. The stock closed Friday at $19.46 on volume of 2,532,324 shares, below average daily volume of 3,342,752.

H&R Block is currently above its 50-day moving average of $18.03 and above its 200-day moving average of $17.56.

SmarTrend is bullish on shares of HRB and our subscribers received an Uptrend alert on June 30, 2009 at $17.03, which has returned 14.3% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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News Provided by COMTEX

Company: H&R Block Inc. (HRB)


Related terms: market, nyse, securities

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