Tesoro's most recent trend suggests a bullish bias. One trading opportunity on Tesoro is a Bull Put Spread using a strike $55.00 short put and a strike $49.00 long put offers a potential 18.11% return on risk over the next 26 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $55.00 by expiration. The full premium credit of $0.92 would be kept by the premium seller. The risk of $5.08 would be incurred if the stock dropped below the $49.00 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 above 80 which suggests that the stock is in overbought territory.
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 Los Angeles Said to Plan Hydrocracker Repairs in January
Mon, 25 Nov 2013 21:18:52 GMT
Bloomberg – Tesoro Corp.’s Los Angeles-area refinery plans to shut a hydrocracker for repairs in January, according to two people familiar with the schedule.
Ex-Dividend Reminder: Newell Rubbermaid, Tesoro and Oceaneering International
Fri, 22 Nov 2013 15:50:00 GMT
Forbes – Looking at the universe of stocks we cover at Dividend Channel, on 11/26/13, Newell Rubbermaid, Inc. (NYSE: NWL), Tesoro Corporation (NYSE: TSO), and Oceaneering International, Inc. (NYSE: OII) will all trade ex-dividend for their respective upcoming dividends. Newell Rubbermaid, Inc. will pay its quarterly dividend of $0.15 on 12/13/13, Tesoro
Devon Energy tops S&P on deal talks
Tue, 19 Nov 2013 21:44:50 GMT
MarketWatch – Devon Energy was the biggest gainer on the S&P 500 Index Tuesday, up 5% on acquisition news.
Tesoro Corp and Tesoro Logistics Do the Drop Down
Tue, 19 Nov 2013 20:03:00 GMT
Barrons.com – Yesterday, Tesoro Corp. (TSO) sold a bunch of assets to Tesoro Logistics (TLLP) for $650 million, the second “drop-down,” or sale of assets by a parent company to a partnership. The Wall Street Journal has the details: Tesoro Logistics LP, a company spun off in 2011 by oil refiner Tesoro Corp., agreed to pay its former parent $650 million to acquire Los Angeles assets that include two marine terminals and a pipeline system. In a separate statement Monday, Tesoro Logistics said it was offering at least 6.3 million common units, with proceeds to be used to fund the deal. Cowen's Sam Margolin assesses where Tesoro Corp. is now and its other drop-down opportunists: Operationally, TSO continues to benefit from wide Bakken crude discounts, with the Clearbrook hub currently priced at a $14/bbl discount to WTI.
Tesoro Unit in $650M LA Asset Deal
Tue, 19 Nov 2013 18:10:03 GMT
Zacks – Tesoro Logistics, an affiliate of Tesoro Corp., inked a deal with the latter to acquire a major portion of the remaining Los Angeles Logistics Assets which is owned by Tesoro Refining and Marketing Co….
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