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Tesoro Crosses Below its 10-day MA (TSO)

By David Diaz

Tesoro (NYSE:TSO) crossed under its 10-day moving average of $74.68 on a volume of 252K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower 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 $72.94, 8% 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 31st, 2016 by issuing a Downtrend alert when the shares were trading at $85.13. Since that call, shares of Tesoro have fallen 11.6%. 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