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Tesoro (TSO) Approaches New Upside Target of $65.27
[May 20, 2013]

Tesoro (TSO) Approaches New Upside Target of $65.27

May 20, 2013 (SmarTrend(R) News Watch via COMTEX) -- Shares of Tesoro (NYSE:TSO) have bullishly opened above the pivot of $61.20 today and have reached the first resistance level of $63.75. Analysts will be watching for a cross of the next upside pivot targets of $65.27 and $69.34.

In the past 52 weeks, shares of Tesoro have traded between a low of $21.58 and a high of $65.44 and are now at $65.40, which is 203% above that low price. Over the past week, the 200-day moving average (MA) has gone up 1.7% while the 50-day MA has remained constant.

Tesoro (NYSE:TSO) defies analysts with a current price ($65.40) 2.0% above its average consensus price target of $64.07. The stock should find initial support at its 50-day moving average (MA) of $55.21 and further support at its 200-day MA of $45.67.

SmarTrend recommended that subscribers consider buying shares of Tesoro on April 24th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $54.86. Since that recommendation, shares of Tesoro have risen 13.5%. We continue to monitor TSO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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