TradersHuddle Scanner - High Volume For H&R Block

Published on Friday, 03 September 2010 11:45 Written by Christopher Lynn

New York, September 3rd (TradersHuddle.com) - Unusual high volume detected on shares of H&R Block, Inc. (NYSE:HRB), early in the trading session. H&R Block is currently trading higher by 8.11%, so definitely the buyers stepping in, as the stock's volume is on pace to break its average.

H&R Block, Inc. (NYSE:HRB) provides tax services to the general public, accounting and consulting services, and consumer financial and personal productivity software. The company also provides a wide range of financial products.

H&R Block has already traded 0.983 times its 3-month average volume, and has calculated support and resistance at $12.54 and $15.75 respectively. Traders like to use volume as their lie detector for price action moves through predefined trading ranges.

The overall market index S&P 500 is trading higher by 0.72% from its previous trading close, which means that H&R Block stock is outperforming the overall market.