H&R Block (HRB) Offering Possible 5.26% Return Over the Next 36 Calendar Days

This article was originally published on this site

H&R Block’s most recent trend suggests a bearish bias. One trading opportunity on H&R Block is a Bear Call Spread using a strike $27.00 short call and a strike $32.00 long call offers a potential 5.26% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $27.00 by expiration. The full premium credit of $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock rose above the $32.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for H&R Block is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for H&R Block is bearish.

The RSI indicator is at 23.04 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


LATEST NEWS for H&R Block

See what the IHS Markit Score report has to say about H & R Block Inc.
Tue, 12 Sep 2017 12:00:46 +0000
H & R Block Inc NYSE:HRB

H&R Block, Inc. :HRB-US: Earnings Analysis: Q1, 2018 By the Numbers : September 8, 2017
Fri, 08 Sep 2017 16:33:30 +0000
Categories: Yahoo FinanceGet free summary analysis H&R Block, Inc. reports financial results for the quarter ended July 31, 2017. We analyze the earnings along side the following peers of H&R Block, Inc. – CBIZ, Inc., Intuit Inc., Blucora, Inc., Automatic Data Processing, Inc., Western Union Company, PRGX Global, Inc., Liberty Tax, Inc. Class A and MoneyGram International, … Read more
(Read more…)

Bitcoin, Virtual Currency Deals Under $600 Could Become Tax Exempt
Fri, 08 Sep 2017 12:53:00 +0000
As IRS intensifies hunt for digital currency gains, record-keeping for taxpayers is proving burdensome. A proposed tax bill would exempt transactions under $600.

Competitor fires Hewitt, a tax visionary and former H&R Block employee
Thu, 07 Sep 2017 19:10:11 +0000
John Hewitt has been a thorn in the side of H&R Block Inc. (HRB) for the past 35 years, founding its two largest competitors in the assisted tax preparation space, but he’s now been fired as CEO of Liberty Tax Inc. Hewitt, who founded Liberty Tax (TAX) in 1997, was terminated by the company’s board of directors on Wednesday.

Hiding Assets To Thwart IRS Tax Collection Can Be Criminal
Tue, 05 Sep 2017 12:53:00 +0000
No one wants to owe taxes. But trying to mislead the IRS and hide assets will compound the problems

Be Sociable, Share!

Related Posts