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Hess Crosses Above its 10-day MA (HES)

By David Diaz

Today, shares of Hess (NYSE:HES) have advanced above their 10-day MA of $47.46 on a volume of 1.1 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher 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 $48.33, 49% 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 recommended that its subscribers protect gains by selling shares of Hess on September 1st, 2016 by issuing a Downtrend alert when the shares were trading at $53.49. Since that call, shares of Hess have fallen 12.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Hess

Ticker(s): HES