Tesoro's most recent trend suggests a bullish bias. One trading opportunity on Tesoro is a Bull Put Spread using a strike $70.50 short put and a strike $65.50 long put offers a potential 19.9% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $70.50 by expiration. The full premium credit of $0.83 would be kept by the premium seller. The risk of $4.17 would be incurred if the stock dropped below the $65.50 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 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 …
Tesoro (TSO) Earnings Report: Q3 2014 Conference Call Transcript
Sat, 01 Nov 2014 13:52:00 GMT
The rally that keeps on giving!
Fri, 31 Oct 2014 20:24:00 GMT
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