Tesoro's most recent trend suggests a bullish bias. One trading opportunity on Tesoro is a Bull Put Spread using a strike $85.00 short put and a strike $80.00 long put offers a potential 28.21% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $85.00 by expiration. The full premium credit of $1.10 would be kept by the premium seller. The risk of $3.90 would be incurred if the stock dropped below the $80.00 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 75.23 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 merger with Western Refining faces investor lawsuit, regulator delays
Tue, 14 Feb 2017 18:29:04 GMT
TESORO CORP /NEW/ Files SEC form 8-K, Other Events
Mon, 13 Feb 2017 11:13:46 GMT
Short Interest Impacts Integrated Energy and Refiner Stocks
Fri, 10 Feb 2017 16:05:43 GMT
Tesoro Corp. :TSO-US: Earnings Analysis: 2016 By the Numbers : February 9, 2017
Thu, 09 Feb 2017 18:41:11 GMT
Tesoro Corp. breached its 50 day moving average in a Bullish Manner : TSO-US : February 9, 2017
Thu, 09 Feb 2017 12:16:46 GMT
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