H&R Block is likely to be one of the most actively-traded stocks tomorrow after reporting less-than-expected earnings after the market close today. As you can see from the chart below, HRB has formed a double bottom pattern during the past three months, with many bulls having shown interest in seeing if the price was going to be able to surpass the combined resistance of the January high and the 200 DMA. However, given today's bad news, the price is likely to head toward the support near $23.60.



HRB_022306.jpg





Filed Under:
Tickers in this Article:

comments powered by Disqus
Trading Center