Tesoro's most recent trend suggests a bearish bias. One trading opportunity on Tesoro is a Bear Call Spread using a strike $82.50 short call and a strike $87.50 long call offers a potential 47.93% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $82.50 by expiration. The full premium credit of $1.62 would be kept by the premium seller. The risk of $3.38 would be incurred if the stock rose above the $87.50 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 61.02 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
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
Five Dividend Stocks Billionaire Steve Cohen Really Likes
Mon, 19 Sep 2016 15:50:48 GMT
Tesoro Divests Remaining Alaska Assets to Tesoro Logistics
Mon, 19 Sep 2016 14:07:02 GMT
Are Investors Growing Bullish on Tesoro?
Mon, 19 Sep 2016 14:04:05 GMT
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