Tesoro's most recent trend suggests a bearish bias. One trading opportunity on Tesoro is a Bear Call Spread using a strike $62.50 short call and a strike $70.00 long call offers a potential 10.46% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $62.50 by expiration. The full premium credit of $0.71 would be kept by the premium seller. The risk of $6.79 would be incurred if the stock rose above the $70.00 long call 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 at 56.44 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
Why Tesoro (TSO) Stock Closed Higher On Thursday
Thu, 26 Jun 2014 20:29:00 GMT
Refiners slip after U.S. widens oil export potential
Wed, 25 Jun 2014 12:50:48 GMT
Tesoro Corp. to Sell Logistic Assets to Affiliate for $270M
Tue, 24 Jun 2014 13:10:10 GMT
TESORO CORP /NEW/ Files SEC form 8-K, Entry into a Material Definitive Agreement, Regulation FD Disclosure, Financial
Mon, 23 Jun 2014 21:27:34 GMT
Tesoro Logistics to acquire certain assets from Tesoro
Mon, 23 Jun 2014 20:49:44 GMT
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