Tesoro's most recent trend suggests a bearish bias. One trading opportunity on Tesoro is a Bear Call Spread using a strike $95.00 short call and a strike $100.00 long call offers a potential 19.05% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $95.00 by expiration. The full premium credit of $0.80 would be kept by the premium seller. The risk of $4.20 would be incurred if the stock rose above the $100.00 long call 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 73.68 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
5:03 am Tesoro prices $850 mln 4.750% Senior Notes due 2023 and its $750 mln 5.125% Senior Notes due 2026
Mon, 19 Dec 2016 10:03:00 GMT
Massive 2013 oil spill in North Dakota still not cleaned up
Sun, 18 Dec 2016 21:52:35 GMT
Massive 2013 oil spill in North Dakota still not cleaned up
Sun, 18 Dec 2016 21:52:21 GMT
Zacks.com featured highlights: Tailored Brands, Best Buy, Anthem, Aegean Marine Petroleum Network and Tesoro
Fri, 16 Dec 2016 14:30:02 GMT
Tesoro Corp Announces Pricing of Senior Notes Worth $850M
Fri, 16 Dec 2016 12:58:12 GMT
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