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After Yesterday's Rally of 1.21% Shares Could Potentially Pullback

By Amy Schwartz

Tesoro (NYSE:TSO) traded in a range yesterday that spanned from a low of $81.15 to a high of $82.81. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $82.16 on volume of 583,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Tesoro have traded between a low of $67.80 and a high of $119.67 and are now at $82.47, which is 22% 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 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: rebounders Tesoro

Ticker(s): TSO