Hess Corporation's most recent trend suggests a bearish bias. One trading opportunity on Hess Corporation is a Bear Call Spread using a strike $58.00 short call and a strike $63.00 long call offers a potential 42.05% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $58.00 by expiration. The full premium credit of $1.48 would be kept by the premium seller. The risk of $3.52 would be incurred if the stock rose above the $63.00 long call 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 down which suggests that the medium-term momentum for Hess Corporation is bearish.
The RSI indicator is at 45.35 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 Announces Regular Quarterly Dividend On Common Stock
Wed, 04 Mar 2020 21:15:00 +0000
Hess announces regular quarterly dividend on common stock.
Are Options Traders Betting on a Big Move in Hess Corporation (HES) Stock?
Tue, 03 Mar 2020 13:58:01 +0000
Investors need to pay close attention to Hess Corporation (HES) stock based on the movements in the options market lately.
Hess (HES) Down 6.1% Since Last Earnings Report: Can It Rebound?
Fri, 28 Feb 2020 16:31:04 +0000
Hess (HES) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Oil stocks continue losing streak amid coronavirus fears
Thu, 27 Feb 2020 17:44:10 +0000
Oil stocks are extend their losing streak into day five as fears of the coronavirus continue. Blue Line Futures President Bill Baruch joins Yahoo Finance’s On the Move to discuss.
Crude oil drops below $50 on coronavirus fears
Wed, 26 Feb 2020 16:27:06 +0000
U.S. crude oil dropped below $50 on Wednesday as Asia, Europe and the Middle East reported new cases of the coronavirus. Bubba Trading Founder Todd Horwitz joins On The Move to discuss the low levels of crude oil and how coronavirus will continue to impact the commodities sector.
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