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Tuesday, June 1, 2010

BP plc (BP) Stock Analysis - 6/2/10

By Tim - http://stockstobuy.org

The following is BP plc (BP) stock technical analysis for June 2, 2010

BP plc (BP) Support & Resistance Levels - 6/2/10

Resistance Levels: $40, $44

Support Levels: $35, $31.11

Chart - http://www.stockcharts.com/

BP plc (BP) closed near the lows on Tuesday as a criminal investigation has been opened. Bp stock has support located at $35 from 2008-2009 but then nothing until $31.11. If BP plc doesn't hold $31.11, look out below! I wouldn't buy BP until it closes back above the 10 day moving average. The 10 day is currently located at $43.08 so you have a lot of time yet!!

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