Hess Corp (HES): Death Cross
Hess Corp (HES) just flashed a death cross.
The golden cross signal from March failed today.
HES is also possibly setting up a bear flag with declining volume.
If the bears take control will they be targeting the October lows?
We can see it is much weaker than XLE. It’s a 1.39% holding in XLE.
The death cross (technical formation when the 50-day moving average drops below the 200-day) can be used as a filter to help narrow down the field. Next, use the Seven Steps to Better Stock Trading to evaluate the sentiment and price action. Better yet, sign up for The Select 20 Stock Picks or use my free Total Indicator for eSignal.