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.

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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.

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Mon, 10 Feb 2020 19:14:30 +0000

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Fri, 07 Feb 2020 12:41:12 +0000
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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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