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Hess Corp Set to Possibly Pullback After Yesterday's Rally of 1.01%

By James Quinn

Hess Corp (NYSE:HES) traded in a range yesterday that spanned from a low of $48.65 to a high of $49.60. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $49.40 on volume of 1.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Hess Corp share prices have moved between a 52-week high of $65.56 and a 52-week low of $37.25 and are now trading 32% above that low price at $49.11 per share. 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 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 5.6%. 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