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Recent 52-Week High Exceeded in Shares of Hess Corp (HES)

By David Diaz

Shares of Hess Corp (NYSE:HES) traded today at $72.63, breaking its 52-week high. So far today approximately 857,000 shares have been exchanged, as compared to an average 30-day volume of 2.4 million shares.

Hess Corporation operates as a global independent energy company. The Company focuses on the exploration, development, production, transportation, purchase, and sale of crude oil, natural gas liquids, and natural gas. Hess manages production operations around the world.

Hess Corp (NYSE:HES) defies analysts with a current price ($72.36) 16.8% above its average consensus price target of $60.17. The stock should discover initial support at its 50-day moving average (MA) of $65.18 and subsequent support at its 200-day MA of $56.91.

Hess Corp share prices have moved between a 52-week high of $72.63 and a 52-week low of $40.26 and are now trading 80% above that low price at $72.36 per share. The 200-day and 50-day moving averages have moved 1.01% higher and 0.14% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Hess Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Hess Corp in search of a potential trend change.

Keywords: 52 week high/lows hess corp

Ticker(s): HES