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After Yesterday's Rally of 3.06% Shares Could Potentially Pullback

By Amy Schwartz

Hess Corp (NYSE:HES) traded in a range yesterday that spanned from a low of $51.42 to a high of $53.22. Yesterday, the shares gained 3.1%, which took the trading range above the 3-day high of $51.13 on volume of 2.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Hess Corp share prices have been bracketed by a low of $37.25 and a high of $65.56 and are now at $52.71, 42% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.2% while the 200-day MA has slid 0.2%.

SmarTrend recommended that subscribers consider buying shares of Hess Corp on February 20th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $46.08. Since that recommendation, shares of Hess Corp have risen 10.7%. We continue to monitor HES for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders hess corp

Ticker(s): HES