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H&R Block (HRB) NewsBite - HRB Downgraded By Morgan Stanley

Oct 26, 2009 (Fresh Brewed Media via COMTEX) --

Companies: H&R Block Inc. (HRB), Morgan Stanley (MS)

H&R Block Block (HRB) was downgraded today by analysts at Morgan Stanley and the stock is now at $19.25, down $0.21 (-1.08%) on volume of 3,092,123 shares traded. The analysts reduced the stock to Underweight from Equal Weight. Over the last 52 weeks the stock has ranged from a low of $13.73 to a high of $23.27. H&R Block has been showing support around $19.04 and resistance in the $20.08 range. Technical indicators for the stock are neutral and S&P gives HRB a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on HRB the stock seems like it could be a candidate for an April out-of-the-money bear-call credit spread above the 22 range.

ABR-Seven Summits Strategic Investments NewsBite Goto www.iotogo.com/18w1 for our free report titled, The 18 Ways To Know When It's Time To Dump A Stock

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News Provided by COMTEX

Companies: H&R Block Inc. (HRB), Morgan Stanley (MS)


Related terms: S&P

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