Let's check the charts out.
In this daily bar chart of HES, below, we can see three potential peaks in April, May and June. This is not a major top formation but it does show that rallies above $65 have not been long sustained. Currently prices are above the declining 50-day moving average line and the flat to declining 200-day line.
The daily On-Balance-Volume (OBV) line shows a small decline from April, similar to the price action.
The Moving Average Convergence Divergence (MACD) oscillator just crossed back above the zero line for a buy signal but this may not be long sustained, in my opinion.
In this weekly bar chart of HES, below, we can see a mixed picture. Prices are above the 40-week moving average line but its slope is negative.
Trading volume looks like it has declined this year but the weekly OBV line is trending here which is bullish.
The MACD oscillator looks like it can turn up or down depending on the price action in the next few weeks.
In this Point and Figure chart of HES, below, we can see a potential downside price target of $59. Failure to find buying support around $59 could mean a deeper decline to the early June lows around $55-$54.
Bottom line strategy: The inability of HES to stay above $65 has me siding with Jim - take some profits in HES and let's see how it behaves in the weeks ahead.