HRB - H & R Block Inc. $55.78 +0.55 (+2.40)

Thursday's Comment:

H & R Block has a new winning streak going. In fact, over the past week, this tax preparer to the masses has strung together five consecutive winning sessions, breaking through resistance at $55.00 to hit a new 52-week closing high of $55.78. This rally has been fueled in part by the company's announcement last Thursday that it expects to exceed the First Call consensus EPS of $2.91 for 2001. As for the technical picture, HRB has again claimed support at its 10-dma at $54.37. As for resistance, we don't see any until July 1999 highs of $59.00, which we think HRB could challenge soon given that its MACD has turned positive. Traders considering a position in HRB should look for strong volume, 250,000 shares or more traded by noon EDT, on a move through today's intra-day high of $55.96 or a bounce off the 20-dma at $53.21 before placing their trades. To protect our gains, we've moved our stop up to $54.50.

Picked on April 18th @ $52.85 Change since picked +2.93 Stop Loss @ $54.50

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