Tesoro's most recent trend suggests a bullish bias. One trading opportunity on Tesoro is a Bull Put Spread using a strike $87.00 short put and a strike $82.00 long put offers a potential 38.89% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $87.00 by expiration. The full premium credit of $1.40 would be kept by the premium seller. The risk of $3.60 would be incurred if the stock dropped below the $82.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Tesoro is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Tesoro is bullish.
The RSI indicator is at 37.21 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Tesoro
TESORO CORP /NEW/ Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibit
Tue, 02 Feb 2016 11:01:37 GMT
2:55 am Tesoro misses by $0.24, beats on revs
Tue, 02 Feb 2016 07:55:00 GMT
Tesoro Corp Earnings Call scheduled for 8:30 am ET today
Tue, 02 Feb 2016 05:39:48 GMT
Tesoro reports record profits despite costly refinery downtime
Tue, 02 Feb 2016 01:35:09 GMT
Tesoro Logistics LP Reports Fourth Quarter and Full Year 2015 Results
Tue, 02 Feb 2016 00:15:17 GMT
noodls – Fourth quarter net earnings of $66 million, or $0.49 per diluted common limited partner unit Fourth quarter adjusted EBITDA up 65% to $155 million, full year 2015 adjusted EBITDA up 100% to $636 million …
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