Tesoro's most recent trend suggests a bullish bias. One trading opportunity on Tesoro is a Bull Put Spread using a strike $88.00 short put and a strike $83.00 long put offers a potential 37.36% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $88.00 by expiration. The full premium credit of $1.36 would be kept by the premium seller. The risk of $3.64 would be incurred if the stock dropped below the $83.00 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 57.78 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
NYSE stocks posting largest percentage decreases
Mon, 27 Apr 2015 22:06:22 GMT
AP – A look at the 10 biggest percentage decliners on New York Stock Exchange at the close of trading: IDT Corp. fell 21.2 percent to $16.30. Callon Petroleum Co. fell 12.2 percent to $6.18. Barnes & Noble …
Distillate Inventories Increased Last Week
Mon, 27 Apr 2015 14:06:21 GMT
Tesoro Logistics given consensus ‘buy’ rating from analysts
Mon, 27 Apr 2015 13:30:11 GMT
What oil bust? Refiners reap reward from crude collapse
Fri, 24 Apr 2015 15:45:30 GMT
Tesoro Logistics LP Announces Quarterly Distribution
Thu, 23 Apr 2015 20:48:24 GMT
noodls – SAN ANTONIO – April 23, 2015 – Tesoro Logistics LP (NYSE:TLLP) (‘TLLP') today announced the declaration of its quarterly cash distribution for the first quarter 2015 of $0.6950 per limited partnership …
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