• Return to Headlines

Bullish Moving Average Cross by Tesoro (TSO)

By David Diaz

Today, shares of Tesoro (NYSE:TSO) have advanced above their 10-day MA of $78.93 on a volume of 794K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Tesoro share prices have been bracketed by a low of $67.80 and a high of $119.67 and are now at $79.26, 17% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 0.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Tesoro on March 6th, 2017 by issuing a Downtrend alert when the shares were trading at $83.45. Since that call, shares of Tesoro have fallen 6.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Tesoro

Ticker(s): TSO