Tesoro's most recent trend suggests a bullish bias. One trading opportunity on Tesoro is a Bull Put Spread using a strike $81.00 short put and a strike $76.00 long put offers a potential 44.09% 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 $81.00 by expiration. The full premium credit of $1.53 would be kept by the premium seller. The risk of $3.47 would be incurred if the stock dropped below the $76.00 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 63.32 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
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Wed, 21 Sep 2016 18:50:00 GMT
Has Tesoro’s Implied Volatility Fallen since July 2016?
Tue, 20 Sep 2016 12:04:06 GMT
TESORO CORP /NEW/ Files SEC form 8-K, Change in Directors or Principal Officers
Mon, 19 Sep 2016 20:16:17 GMT
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Mon, 19 Sep 2016 15:50:48 GMT
Tesoro Divests Remaining Alaska Assets to Tesoro Logistics
Mon, 19 Sep 2016 14:07:02 GMT
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