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Hess Bearish Moving Average Crossover Alert (HES)

By Nick Russo

Hess (NYSE:HES) crossed under its 10-day moving average of $57.34 on a volume of 352K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Hess has traded in a range of $32.41 to $76.42 and is now at $56.50, 74% above that low. Over the past week, 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