HES surges 2.45% closing $1.56 higher
Hess Corporation (HES) Technical Analysis Report for May 17, 2018 | by Techniquant Editorial Team
Moving higher for the 4th day in a row, HES finished Thursday at 65.17 surging $1.56 (2.45%). This is the biggest single day gain in over a week. Today's closing price of 65.17 marks the highest close since July 2, 2015. Closing above Wednesday's high at 63.84, Hess Corporation confirms its breakout through the previous session's high having traded $1.90 above it intraday.
Daily Candlestick Chart (HES as at May 17, 2018):
Thursday's trading range was $2.15 (3.36%), that's above last trading month's daily average range of $1.64. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly above average.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.