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Watch for Shares of Hess (HES) to Approach Support at $47.57

By Amy Schwartz

Shares of Hess (NYSE:HES) have bearishly opened below the pivot of $48.43 today and have reached the first support level of $47.91. Analysts will be watching for a cross of the next downside pivot targets of $47.57 and $46.71.

Potential upside of 0.0% exists for Hess, based on a current level of $0.00 and analysts' average consensus 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.

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. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.2% while the 200-day MA has slid 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Hess on January 12th, 2017 by issuing a Downtrend alert when the shares were trading at $58.32. Since that call, shares of Hess have fallen 17.2%. 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