Tesoro's most recent trend suggests a bearish bias. One trading opportunity on Tesoro is a Bear Call Spread using a strike $99.00 short call and a strike $104.00 long call offers a potential 47.93% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $99.00 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 $104.00 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 64.87 level which suggests that the stock is neither overbought nor oversold at this time.
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Tesoro Logistics LP and QEP Midstream Partners, LP Complete Merger
Wed, 22 Jul 2015 14:20:12 GMT
noodls – SAN ANTONIO – July 22, 2015 – Tesoro Logistics LP (NYSE:TLLP) (‘TLLP') and QEP Midstream Partners, LP (NYSE:QEPM) (‘QEPM') today announced the completion of their previously announced merger. As a result …
Tesoro Logistics LP and QEP Midstream Partners, LP Complete Merger
Wed, 22 Jul 2015 14:10:08 GMT
noodls – SAN ANTONIO , July 22, 2015 /PRNewswire / — Tesoro Logistics LP (NYSE:TLLP) (‘TLLP') and QEP Midstream Partners, LP (NYSE:QEPM) (‘QEPM') today announced the completion of their previously announced merger. …
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