Chart Analysis by TopMarketGainers

[TFMG]

$HRB Stay on the sidelines into earnings.

UNLIKE MANY OF ITS COMPETITORS WHO ARE SOARING TO NEW HIGHS HRB IS STRUGGLING TO FIND ANY TRACTION IN THE MARKET. CURRENTLY ABOVE ITS AVERAGE ANALYSTS PRICE TARGET POST EARNINGS
A SWOON OF REGRADING COULD FOLLOW EARNINGS ON TUESDAY WHICH IS A RISKY POSITION TO BE IN.
From a technical perspective the stock is in a long term correction cycle which should have more downside, despite a golden cross recently the RSI has been in a downtrend and we think that the gap below needs filled before any positive moves higher. From a optimistic perspective there is a high short interest which could lead to quite a pop if earnings have any surprises, so we just sit and see what happens, no need to gamble on this.

AVERAGE ANALYSTS PRICE TARGET $25.72
AVERAGE ANALYSTS RECOMMENDATION HOLD
P/E RATIO 8.47
SHORT INTEREST 17%

COMPANY PROFILE
H&R Block, Inc. engages in the provision of tax preparation and other services. It offers assisted and do-it-yourself tax return preparation solutions through multiple channels and distribute the H&R block-branded financial products and services, including those of its financial partners, to the general public primarily in the United States, Canada, and Australia. The company was founded by Henry W. Bloch and Richard A. Bloch on January 25, 1955 and is headquartered in Kansas City, MO.