Tesoro's most recent trend suggests a bullish bias. One trading opportunity on Tesoro is a Bull Put Spread using a strike $74.50 short put and a strike $69.50 long put offers a potential 34.41% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $74.50 by expiration. The full premium credit of $1.28 would be kept by the premium seller. The risk of $3.72 would be incurred if the stock dropped below the $69.50 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 38.92 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
Major battle over oil terminal unfolds in Pacific Northwest
Sun, 26 Jun 2016 01:06:32 GMT
Major battle over oil terminal unfolds in Pacific Northwest
Sun, 26 Jun 2016 01:06:32 GMT
Washington court to decide if Vancouver oil terminal lease is valid
Thu, 23 Jun 2016 17:14:52 GMT
Tesla offers to buy SolarCity for $2.8B
Wed, 22 Jun 2016 10:45:00 GMT
Alaska AG: Tesoro will have one year to sell or lease storage terminal
Tue, 21 Jun 2016 20:15:12 GMT
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