Tesoro's most recent trend suggests a bullish bias. One trading opportunity on Tesoro is a Bull Put Spread using a strike $55.00 short put and a strike $50.00 long put offers a potential 7.99% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $55.00 by expiration. The full premium credit of $0.37 would be kept by the premium seller. The risk of $4.63 would be incurred if the stock dropped below the $50.00 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 70.16 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
Tuesday Sector Leaders: Utilities, Energy
Tue, 03 Jun 2014 18:36:00 GMT
Comeback stocks
Tue, 03 Jun 2014 17:03:00 GMT
TESORO CORP /NEW/ Files SEC form 8-K, Change in Directors or Principal Officers
Fri, 30 May 2014 20:08:56 GMT
Tesoro Corporation Announces Conversion of Subordinated Units
Tue, 20 May 2014 20:31:01 GMT
Thomson Reuters ONE – SAN ANTONIO – May 20, 2014 – Tesoro Corporation (“Tesoro”) today announced that the Board of Directors of Tesoro Logistics LP (“TLLP” or the “Partnership”) has converted 15.25 …
Tesaro
Mon, 12 May 2014 22:46:00 GMT
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