Tesoro's most recent trend suggests a bearish bias. One trading opportunity on Tesoro is a Bear Call Spread using a strike $72.00 short call and a strike $80.00 long call offers a potential 18.52% return on risk over the next 12 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $72.00 by expiration. The full premium credit of $1.25 would be kept by the premium seller. The risk of $6.75 would be incurred if the stock rose above the $80.00 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 65.64 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 Can Strike It Rich Without Lifting the Crude Oil Export Ban
Sun, 09 Nov 2014 11:40:00 GMT
Dickinson refinery to start producing next month
Fri, 07 Nov 2014 14:08:19 GMT
Tesoro Said to Study Restart of Shuttered Reformer for Chemicals
Wed, 05 Nov 2014 19:18:07 GMT
10-Q for Tesoro Corp.
Tue, 04 Nov 2014 00:08:29 GMT
Stocks Turn Mixed In Afternoon; Seagate Breaks Out
Mon, 03 Nov 2014 19:53:00 GMT
Investor's Business Daily – Stocks turned mixed in late afternoon trading Monday as the Dow Jones industrial average and S&P 500 came off record highs. The Nasdaq added 0.1%, while the S&P 500 was flat and the Dow dipped 0.1%. Volume …
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