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Stock Investors Bid Up Shares of Tesoro, Up 1.3%

Published on Thu, 02/14/2013 - 11:25
By Robert Cotter

Tesoro (NYSE:TSO) is one of today's biggest movers, up 1.3% to $54.76. The Dow Jones Industrial Average is now trading fractionally higher to 13,989 and the S&P is trading fractionally higher to 1,521.

Tesoro (NYSE:TSO) has potential upside of 3.7% based on a current price of $54.76 and analysts' consensus price target of $56.79. The stock should find initial support at its 50-day moving average (MA) of $44.70 and further support at its 200-day MA of $35.53.

Tesoro share prices have moved between a 52-week high of $55.00 and a 52-week low of $20.77 and are now trading 164% above that low price at $54.76 per share. The 200-day and 50-day moving averages have moved 1.31% higher and 1.67% higher over the past week, respectively.

Tesoro Corporation refines and markets petroleum products, and provides transporting services. The Company operates refineries, as well as a network of retail and refueling stations in the western United States. Tesoro also markets gasoline and diesel fuel to independent marketers and commercial end users.

By Robert Cotter
rcotter@fnno.com