Bearish Moving Average Cross by Hess (HES)
Today, shares of Hess (NYSE:HES) have fallen below their 10-day MA of $58.90 on a volume of 605K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Hess share prices have moved between a 52-week high of $76.42 and a 52-week low of $32.41 and are now trading 79% above that low price at $58.11 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 2.2%.
SmarTrend is monitoring the recent change of momentum in Hess. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Hess in search of a potential trend change.
Keywords: moving crosses Hess