Hess Broke Resistance

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Hess Broke Resistance

Published on Tuesday, 24 January 2012 07:52 Written by Danny Miller

New York, January 24th (TradersHuddle.com) - Shares of Hess Corporation (NYSE:HES) closed the trading session at $61.65 just above calculated resistance at $61.48 moving to what appears to be a new range, as this move will clearly raise the attention of momentum buyers.

Hess Corporation (NYSE:HES) is a global integrated energy company based in New York, NY. The Company explores for, produces, markets, and refines crude oil and natural gas. The company operates in two segments, Exploration and Production and Marketing and Refining.

Hess' stock was trading in a well defined range with support at $55.94 and resistance at $61.48, given that this range was broken traders will be closely monitoring the stock

Hess Stock Hits New 52-Week Low (HES) - TheStreet.com
Hess Corp Stock Downgraded (HES) - TheStreet.com
Waiting to Wade Into Oil - TheStreet.com
Insiders Trading NBR, LNKD, HES and LAMR - TheStreet.com
Hess Corp Stock Upgraded (HES) - TheStreet.com
UPDATE: Credit Suisse Downgrades Hess Corporation to Neutral - Benzinga
UPDATE: J.P. Morgan Downgrades Hess; Lowers PT - Benzinga
Benzinga's Top Downgrades - Benzinga
Hess Stock Falls On Unusually High Volume (HES) - TheStreet.com
Notable Options Activity in Hess Corporation - Benzinga

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