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Hess Corp Set to Possibly Pullback After Yesterday's Rally of 2.68%

By David Diaz

Hess Corp (NYSE:HES) traded in a range yesterday that spanned from a low of $60.08 to a high of $60.78. Yesterday, the shares gained 2.7%, which took the trading range above the 3-day high of $59.90 on volume of 3.7 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 $74.11 and a 52-week low of $51.34 and are now trading 19% above that low price at $61.24 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.6%.

SmarTrend is tracking the current trend status for Hess Corp and will alert subscribers who have HES in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders hess corp

Ticker(s): HES