Bearish Moving Average Cross by Tesoro (TSO)
Today, shares of Tesoro (NYSE:TSO) have fallen below their 10-day MA of $75.87 on a volume of 913K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, Tesoro has traded in a range of $67.80 to $119.67 and is now at $74.93, 11% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 0.3%.
SmarTrend recommended that its subscribers protect gains by selling shares of Tesoro on March 31st, 2016 by issuing a Downtrend alert when the shares were trading at $85.13. Since that call, shares of Tesoro have fallen 9.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses Tesoro