Hess testing key resistance (NYSE:HES)

by Josh Hess Corp. ($HES) is hitting a new 52 week high today on strong volume. HES was last at $75.14 on a volume of 3,343,300 shares, with the 50 day average volume at 2,773,851 shares. Over the past 52 weeks HES has traded from a low of $46.00 to a high of $74.50.

Shares are testing resistance, around $74.50 level but the April high and previous July high. Technical traders will look for a close above $75.

52 Week Range $46.00-$74.50 Market Cap 25,785,099,110 Average Volume 2,773,851 Dividend Yield 0.55% Institutional Ownership 85.60% Insider Ownership: 0.90% Percentage of Float Short 1.90% Beta 1.33

Hess Corp. is above both the 50 day moving average and the 200 day moving average.

Hess Corp is a global integrated energy company that operates in two segments, Exploration and Production and Marketing and Refining.

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