Tesoro (TSO) is having an upside day and is poised to trade still higher.
In the chart above, TSO broke below Monday's low, and just rallied above Monday's high, making what chartists call an outside day. TSO is above the rising 200-day moving average. The On-Balance-Volume line is positive along with the Moving Average Convergence Divergence oscillator. With this bullish technical set up, aggressive traders could consider buying TSO here with a sell-stop at $106.