Tesoro's most recent trend suggests a bearish bias. One trading opportunity on Tesoro is a Bear Call Spread using a strike $85.00 short call and a strike $90.00 long call offers a potential 21.65% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $85.00 by expiration. The full premium credit of $0.89 would be kept by the premium seller. The risk of $4.11 would be incurred if the stock rose above the $90.00 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 23.24 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
Tesoro Corp: Undervalued With Acquisition Catalyst
Tue, 17 Jan 2017 22:06:46 GMT
TESORO CORPORATION (TSO) SHAREHOLDER ALERT – Andrews & Springer LLC Is Investigating Tesoro Corporation For Potential Breaches of Fiduciary Duty
Mon, 16 Jan 2017 13:03:00 GMT
Business Wire – Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against Tesoro Corporation .
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Mon, 16 Jan 2017 12:35:50 GMT
Short Traders: Look at These Integrated Energy and Refiner Stocks
Fri, 13 Jan 2017 17:35:52 GMT
TESORO CORP /NEW/ Files SEC form 8-K, Other Events
Thu, 12 Jan 2017 22:18:00 GMT
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