H&RBlock, HRB

hrb june 13 2013HRB june 13 l 2013

We have absolutely no idea how to count these charts in EW terms. Nevertheless the recent double top and an approaching upper trend line (at around $34 +/-) make us very nervous. A p/e at about 24 does not help much either. Also their low-end approach to filing is quickly being overtaken by dozens of self-help internet programmes that are available for free. The typical “interview” approach is probable as efficient and accurate as dropping of a shoebox with T-slips etc. We are inclined to step aside right here.