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Look for Shares of Hess Corp to Potentially Pullback after Yesterday's 5.30% Rise

By James Quinn

Hess Corp (NYSE:HES) traded in a range yesterday that spanned from a low of $69.88 to a high of $70.86. Yesterday, the shares gained 5.3%, which took the trading range above the 3-day high of $70.84 on volume of 61,000 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 $35.59 and a high of $71.06 and are now at $70.75, 99% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.2%.

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