Hess (HES) NewsBite - Higer Oil Boosts HES

Posted: Monday, October 26, 2009 9:54 AM EDT

Hess (NYSE: HES) opened at $58.97. So far today, the stock has hit a low of $58.97 and a high of $60.15. HES is now trading at $59.97, up $1.00 (1.70%). Over the last 52 weeks the stock has ranged from a low of $35.50 to a high of $69.74. HES is receiving support from higher oil futures this morning. Technical indicators for the stock are bullish and S&P gives HES a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on HES the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 50 range. [ABR-Seven Summits Strategic Investments NewsBite]

Click Symbol For More News On: (HES)