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Hess (HES) Breaks Through Support at $42.64

By Nick Russo

Shares of Hess (NYSE:HES) opened today below their pivot of $43.13 and have already reached the first level of support at $42.64. Analysts will be watching for a cross of the next downside pivot targets of $42.31 and $41.49.

In the past 52 weeks, shares of Hess have traded between the current low of $0.00 and a high of $76.42 and are now at $0.00. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 2.2%.

Hess has overhead space with shares priced $0.00, or 100.0% below the average consensus analyst price target of $65.74. The stock should find initial resistance at its 200-day moving average (MA) of $52.70 and further resistance at its 50-day MA of $53.41.

SmarTrend recommended that its subscribers protect gains by selling shares of Hess on May 30th, 2017 by issuing a Downtrend alert when the shares were trading at $46.99. Since that call, shares of Hess have fallen 8.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: pivot alerts Hess

Ticker(s): HES