Tesoro's most recent trend suggests a bullish bias. One trading opportunity on Tesoro is a Bull Put Spread using a strike $66.00 short put and a strike $61.00 long put offers a potential 20.19% return on risk over the next 12 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $66.00 by expiration. The full premium credit of $0.84 would be kept by the premium seller. The risk of $4.16 would be incurred if the stock dropped below the $61.00 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 at 64.98 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
California judge throws out lawsuit targeting crude by rail facility
Sat, 06 Sep 2014 00:59:55 GMT
Reuters – A San Francisco Superior Court judge on Friday dismissed a lawsuit brought by environmental groups against Kinder Morgan's Richmond, California, rail terminal, which quietly began unloading crude oil from …
TESORO CORP /NEW/ Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
Thu, 04 Sep 2014 12:43:43 GMT
Tesoro (TSO) Falls Further As It's Water-Logged And Getting Wetter
Fri, 22 Aug 2014 14:56:00 GMT
Global Partners Rail Terminal Approved as Tesoro Waits
Wed, 20 Aug 2014 04:01:00 GMT
TESORO CORP /NEW/ Files SEC form 8-K, Change in Directors or Principal Officers, Other Events, Financial Statements a
Fri, 15 Aug 2014 20:43:04 GMT
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