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Bearish Moving Average Cross by Tesoro (TSO)

By David Diaz

Today, shares of Tesoro (NYSE:TSO) have crossed bearishly below their 10-day moving average of $82.29 on a volume of 857K 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 $80.43, 19% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 0.3%.

SmarTrend is tracking the current trend status for Tesoro and will alert subscribers who have TSO in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Tesoro

Ticker(s): TSO