Hess’s moving averages
Hess Corporation’s (HES) stock rapidly fell toward the end of 2015. However, since the start of 2016, HES has mostly been on an uptrend, mirroring the rally in crude oil prices (USO). It broke its consistent uptrend around April, after which its stock has been volatile, seeing many ups and downs along the way.
After crossing its 50-day moving average for the first time in 2016 on February 22, Hess promptly crossed under it again, only to cross back above it on February 26, this time for an extended period. It stayed above its 50-day moving average until June 10.
Since June 10, Hess’s stock has crossed over its 50-day moving average several times, but only for very brief stretches of time. On September 22, 2016, the stock was trading ~5.6% below its 50-day moving average.
Hess’s 200-day moving average
HES crossed over its 200-day moving average for the first time on April 8, 2016. After April, Hess’s stock broke its mostly consistent uptrend and became more volatile. Its stock remained above its 200-day moving average in this volatile period until July 2016, when it fell below its 200-day moving average.
While Hess’s stock did cross over its 200-day moving average again on August 15, 2016, it was again only for a short period of time. On August 31, 2016, Hess’s stock again crossed under its 200-day moving average. It has since remained at these levels.
On September 22, 2016, the stock was trading ~10.6% below its 200-day moving average. Hess’s 50-day moving average is still trading above its 200-day moving average, which could be seen as a positive sign.