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SmarTrend Watching for Potential Pullback in Shares of Hess Corp After 5.30% Gain

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.

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.

In the past 52 weeks, shares of Hess Corp have traded between a low of $35.59 and a high of $71.06 and are now at $70.75, which is 99% above that low price. The 200-day and 50-day moving averages have moved 0.59% higher and 1.17% higher over the past week, respectively.

Keywords: rebounders hess corp

Ticker(s): HES