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 9.49% return on risk over the next 19 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 $0.52 would be kept by the premium seller. The risk of $5.48 would be incurred if the stock dropped below the $49.00 long put strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Tesoro is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Tesoro is bearish.
The RSI indicator is below 20 which suggests that the stock is in oversold territory.
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LATEST NEWS for Tesoro
Here's 1 Company to Benefit from Increased Air Traffic
Tue, 26 Nov 2013 22:44:32 GMT
Motley Fool – The airline sector is not subject to the same emissions standards as autos but that may soon change and Tesoro could be a big beneficiary.
Los Angeles Gasoline Gains to 2-Week High on Plant Work
Tue, 26 Nov 2013 20:59:50 GMT
Bloomberg – Los Angeles gasoline rose to a two- week high against futures as Tesoro Corp. was said to extend work at the Carson section of its Southern California refinery and plan a January shutdown at the Wilmington …
Tesoro Carson Refinery Hydrotreater Seen Restarting Next Week
Tue, 26 Nov 2013 19:04:01 GMT
Bloomberg – Tesoro Corp.’s Carson plant, part of California’s largest refining complex, is expected to keep a hydrotreater shut until next week as it resolves a compressor malfunction, a person familiar with operations …
Los Angeles Gasoline Surges as Tesoro Said to Plan Unit Repairs
Mon, 25 Nov 2013 23:29:00 GMT
Bloomberg – Los Angeles gasoline gained to its highest level against futures in almost two weeks after Tesoro Corp. was said to be planning repairs on a unit at its Southern California refinery in January.
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.
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