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Strategies & Market Trends : Value Investing

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To: Sergio H who wrote (47946)	5/14/2012 6:17:44 PM
From: E_K_S	Read Replies (1) of 78673

Hi Sergio - Re: HES - New 52 week low close today @ $46.63 5,8M shares. New 52wk low w/ volume exceeding avg daily volume by 20%. Not technically a good indicator but when I go back to 2007, there were only 3 separate weeks where HES traded with a $46 handle. That's only 1.3% of the trading time we have seen this price level. Odds are pretty good you caught the low but I have seen weirder things happen when the market values "Value" stocks. FWIW my Wm%R(14) is reading the lowest level in my four year chart at -99.4. I have never seen a reading this low before. The Wm%R (14) is screaming buy me! Disclosure: I have two separate buys of HES (1) 5/8/2012 @ $48.71 and (2) 4/25/2012 @ $52.42. EKS

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