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 26.58% return on risk over the next 11 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 $1.05 would be kept by the premium seller. The risk of $3.95 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 22.29 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Tesoro
Army Corps won't rubber stamp $210M Vancouver oil terminal
Thu, 04 Jun 2015 22:50:11 GMT
The oil trade: 5 stocks to buy
Tue, 02 Jun 2015 21:00:00 GMT
Tesoro slams EPA biofuel plan as ‘giant step' towards litigation
Fri, 29 May 2015 15:13:37 GMT
Reuters – U.S. oil refiner Tesoro Corp has slammed the U.S. government's proposal for renewable fuel use, signaling a lengthy legal fight may be in the cards ahead of the new quotas being finalized later this year. “If the goal of the Administration was to set the stage for protracted and complex litigation over the rule when finalized later this year, today's proposal is a giant step toward that objective,” said Stephen Brown, Vice President and Counsel in a statement.
EPA sets 2016 target for renewable fuels use at 17.4 bln gallons
Fri, 29 May 2015 14:10:50 GMT
Reuters – U.S. regulators on Friday unveiled much-anticipated targets for the blending of renewable fuels into motor fuel for the three years to 2016, proposing some 17.4 billion gallons of renewable fuels must be used in gasoline or diesel next year. Ending years-long uncertainty about the U.S. renewable fuels policy, the Environmental Protection Agency (EPA) on Friday announced a proposed target that 16.3 billion gallons of renewable fuels should be mixed into the country's fuel supply this year.
Is the Current Crude Pricing Scenario Good for Tesoro Corp? – Analyst Blog
Thu, 28 May 2015 19:45:07 GMT
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