Tesoro's most recent trend suggests a bullish bias. One trading opportunity on Tesoro is a Bull Put Spread using a strike $49.00 short put and a strike $44.00 long put offers a potential 8.7% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $49.00 by expiration. The full premium credit of $0.40 would be kept by the premium seller. The risk of $4.60 would be incurred if the stock dropped below the $44.00 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 56.14 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
Tuesday Sector Leaders: Energy, Utilities
Tue, 15 Apr 2014 18:52:00 GMT
Market sell-off: What to buy
Thu, 10 Apr 2014 21:09:00 GMT
Tesoro Corporation to Release First Quarter Earnings
Tue, 08 Apr 2014 13:14:01 GMT
Thomson Reuters ONE – SAN ANTONIO – April 8, 2014 – Tesoro Corporation (NYSE:TSO) announced today that it plans to release its earnings for the first quarter 2014 after the market closes on Wednesday, April 30, 2014. The Company …
Refiners Would Benefit From Misguided Strategic Oil Reserve Release
Wed, 02 Apr 2014 14:30:00 GMT
China rejects more U.S. corn due to GMO as state sales approach
Tue, 25 Mar 2014 04:21:49 GMT
Reuters – * China has rejected total of 908,800 T of US corn in 5 mths * China committee to meet soon to decide whether to approve MIR 162 * China could sell from huge state corn reserves in May (Adds comment, detail) BEIJING, March 25 (Reuters) – China has turned away more U.S. corn after detecting an unapproved genetically-modified strain in shipments, with buyers waiting for sales from the country's huge state reserves or shifting to cheap grain from Ukraine.
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