Hess Corporation's most recent trend suggests a bearish bias. One trading opportunity on Hess Corporation is a Bear Call Spread using a strike $81.00 short call and a strike $86.00 long call offers a potential 15.21% 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 $81.00 by expiration. The full premium credit of $0.66 would be kept by the premium seller. The risk of $4.34 would be incurred if the stock rose above the $86.00 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 below 20 which suggests that the stock is in oversold territory.
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LATEST NEWS for Hess Corporation
Why These Oil Majors Are Betting Heavily on the U.S. Energy Boom
Sun, 10 Nov 2013 13:14:16 GMT
Motley Fool – ConocoPhillips, Occidental Petroleum, and Hess are seeing results adversely affected by overseas unrest, and they're increasingly packing up and leaving the Middle East.
HESS CORP Files SEC form 10-Q, Quarterly Report
Thu, 07 Nov 2013 22:07:19 GMT
Gavilon deal for $890 mln kicks off commodity trader sales
Wed, 06 Nov 2013 18:04:59 GMT
Reuters – * Gavilon has oil storage and pipelines in Oklahoma, Texas, Louisiana * Gavilon owned by Soros Fund Management, Ospraie Management and General Atlantic Nov 6 (Reuters) – U.S. energy logistics firm Gavilon LLC has kicked off the first of several big trading house deals that are set to recast the market landscape in a $890 million sale to propane gas supplier NGL Energy Partners LP. The deal, which came in less than the estimated $1 billion value of the firm a year ago, highlights the ongoing scramble for U.S. energy assets amid a surge in shale oil output that has upended domestic markets – and also the buying power of tax-advantaged master limited partnerships like NGL.
Time to Move out of Hess and Into This E&P Name
Tue, 05 Nov 2013 14:42:20 GMT
Motley Fool – Shares of Statoil may be lagging its peers but that may soon change in a big way
Anadarko eyes $1 billion sale of China oil and gas project stakes – sources
Mon, 04 Nov 2013 03:36:29 GMT
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