Hess Corporation (HES) Offering Possible 8.7% Return Over the Next 8 Calendar Days

Hess Corporation's most recent trend suggests a bearish bias. One trading opportunity on Hess Corporation is a Bear Call Spread using a strike $57.50 short call and a strike $62.50 long call offers a potential 8.7% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $57.50 by expiration. The full premium credit of $0.40 would be kept by the premium seller. The risk of $4.60 would be incurred if the stock rose above the $62.50 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Hess Corporation is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Hess Corporation is bearish.

The RSI indicator is at 23.33 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Hess Corporation

Hess is Oversold: Can It Recover?
Tue, 11 Feb 2020 15:23:03 +0000
Hess has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock.

Peak Shale Could Spark An Offshore Drilling Boom
Mon, 10 Feb 2020 21:00:00 +0000
One major U.S. shale CEO is predicting that America’s unconventional drilling boom is reaching a plateau, and he’s looking to take on a new oil frontier

Guyana aiming to agree to prices, costs with Exxon before gov's first export -energy director
Mon, 10 Feb 2020 19:14:30 +0000

Patterson-UTI (PTEN) Q4 Loss Wider Than Estimates, Revenues Beat
Fri, 07 Feb 2020 12:41:12 +0000
Patterson-UTI (PTEN) management said that its rig count bottomed out in the fourth quarter and will go up slightly in the early part of 2020, primarily driven by the Permian Basin.

Murphy USA (MUSA) Q4 Earnings Beat on Merchandise Strength
Wed, 05 Feb 2020 15:48:03 +0000
Murphy USA's (MUSA) merchandise sales increased 7.9% year over year on an average per store month (or APSM) basis.

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