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Bullish Moving Average Cross by Tesoro (TSO)

By James Quinn

Today, shares of Tesoro (NYSE:TSO) have crossed bullishly above their 10-day moving average of $83.20 on a volume of 215K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher 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 $83.52, 23% above that low. The 200-day and 50-day moving averages have moved 0.46% lower and 0.27% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Tesoro. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Tesoro in search of a potential trend change.

Keywords: moving crosses Tesoro

Ticker(s): TSO