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Bearish Moving Average Cross by Hess (HES)

By Amy Schwartz

Hess (NYSE:HES) shares have crossed bearishly below their 10-day moving average of $60.04 on a volume of 487K 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.

In the past 52 weeks, shares of Hess have traded between a low of $32.41 and a high of $76.42 and are now at $59.63, which is 84% above that low price. 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 tracking the current trend status for Hess and will alert subscribers who have HES in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Hess

Ticker(s): HES