Tesoro's most recent trend suggests a bullish bias. One trading opportunity on Tesoro is a Bull Put Spread using a strike $63.50 short put and a strike $58.50 long put offers a potential 29.53% 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 $63.50 by expiration. The full premium credit of $1.14 would be kept by the premium seller. The risk of $3.86 would be incurred if the stock dropped below the $58.50 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 at 67.78 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 (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 Logistics LP Prices Public Offering of 2,100,000 Common Units
Tue, 19 Aug 2014 14:03:33 GMT
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Tesoro Logistics LP Announces Public Offering of 2,100,000 Common Units
Mon, 18 Aug 2014 23:16:42 GMT
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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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