Hess (HES) NewsBite - HES Falls on Lower Oil
Posted: Thursday, November 12, 2009 1:53 PM EDT
By: Market Intelligence Center Staff
Hess (NYSE: HES) opened at $56.94. So far today, the stock has hit a low of $56.22 and a high of $58.08. HES is now trading at $56.44, down $0.96 (-1.67%). Over the last 52 weeks the stock has ranged from a low of $35.50 to a high of $69.74. HES shares are trading lower today, hurt by falling oil futures. 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 bear-call credit spread above the 65 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Hess (HES) Stock ReportSee what our analysts have uncovered about Hess (HES).
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