TSO is looking overbought at this point. There is very nice profit to be had on the short and looks like worth the risk. The resistance / support is at 61. The stock gapped down on earnings that confirms the strong bearish sentiment and also there is a downgrade.
Short at: 81
Target Price: 61
Stop Loss: 85
Profit Potential: ~25%
Short at: 81
Target Price: 61
Stop Loss: 85
Profit Potential: ~25%