Hess Corporation (HES) Offering Possible 32.63% Return Over the Next 17 Calendar Days

Hess Corporation's most recent trend suggests a bullish bias. One trading opportunity on Hess Corporation is a Bull Put Spread using a strike $71.00 short put and a strike $66.00 long put offers a potential 32.63% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $71.00 by expiration. The full premium credit of $1.23 would be kept by the premium seller. The risk of $3.77 would be incurred if the stock dropped below the $66.00 long put strike price.

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

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

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

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

The Bakken Shale Is Quietly Staging a Comeback
Sat, 29 Sep 2018 15:17:00 +0000
The forgotten oil play's best days appear to lie ahead.

China to Sell U.S. Oil Assets as Trade Wars Mount
Fri, 28 Sep 2018 15:15:00 +0000
, is considering selling parts of its U.S.-based oil assets in the Gulf of Mexico amid escalating trade wars with the U.S. Although, according to a Reuters article, it does not intend to fully exit the U.S. market, where it holds significant stakes in two deepwater projects. To us, this is a signal that even U.S. energy assets have become less of a priority for China as they seek to reallocate capital elsewhere, like recent discoveries in Guyana.

Analysis: Positioning to Benefit within Kinder Morgan, Hess, TerraForm Power, American Water Works, TE Connectivity, and Ambev S.A — Research Highlights Growth, Revenue, and Consolidated Results
Fri, 28 Sep 2018 12:10:00 +0000
NEW YORK, Sept. 28, 2018– In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of …

Hess to Host Investor Day
Wed, 26 Sep 2018 19:30:00 +0000
Hess Corporation will hold an Investor Day on December 12, 2018 at 1:00 p.m. CT in Houston, TX. The meeting will feature presentations by CEO John Hess and other members of the Hess leadership team.

Surging Oil Boosts E&P Space, Stocks Soar to 52-Week Highs
Wed, 26 Sep 2018 13:04:01 +0000
Most of the stocks belonging to the US E&P industry have been putting a stellar show buoyed by the trends in the booming energy space.

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