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SmarTrend Watching for Potential Pullback in Shares of Tesoro After 2.01% Gain

By David Diaz

Tesoro (NYSE:TSO) traded in a range yesterday that spanned from a low of $81.03 to a high of $82.93. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $82.60 on volume of 698,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Tesoro share prices have moved between a 52-week high of $119.67 and a 52-week low of $67.80 and are now trading 21% above that low price at $82.32 per share. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 0.3%.

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