In a welcome move, H&R Block saw its Relative Strength Rating improve from 68 to 75 on Wednesday.
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This unique rating measures technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks compares to other publicly traded companies.
Decades of market research reveals that the market's biggest winners tend to have an 80 or better RS Rating as they launch their largest runs. See if H&R Block can continue to show renewed price strength and hit that benchmark.
While H&R Block is not near an ideal buy zone right now, see if it goes on to form and break out of a proper consolidation.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 9%, compared to 0% in the prior report. Revenue increased from 0% to 4%.
The company earns the No. 21 rank among its peers in the Financial Services-Specialty industry group. X Financial ADR, Tradeweb Markets and Marex Group are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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