H&R Block had its Relative Strength (RS) Rating upgraded from 65 to 73 Tuesday — a welcome improvement, but still below the 80 or better score you prefer to see.
IBD's unique RS Rating tracks market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History shows that the best stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if H&R Block can continue to rebound and clear that threshold.
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H&R Block is building a consolidation with a 68.45 buy point. See if it can break out in volume at least 40% higher than normal. Note that it's a third-stage base. Such patterns can work and do sometimes launch nice runs, but, statistically, they're more likely to fail than first- or second-stage consolidations.
Earnings grew 0% last quarter, up from -8% in the prior report. Revenue also increased, from 3% to 5%.
The company holds the No. 33 rank among its peers in the Financial Services-Specialty industry group. Marex Group, Sezzle and Tradeweb Markets are among the top 5 highly rated stocks within the group.
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