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Tesoro Crosses Below its 10-day MA (TSO)

By Amy Schwartz

Today, shares of Tesoro (NYSE:TSO) have fallen below their 10-day MA of $91.66 on a volume of 247K 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 $91.50, 35% 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 recommended that subscribers consider buying shares of Tesoro on May 9th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $83.01. Since that recommendation, shares of Tesoro have risen 11.8%. We continue to monitor TSO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Tesoro

Ticker(s): TSO