By Tim - http://stockstobuy.org
The following is BP plc (BP) stock technical analysis for June 3, 2010
BP plc (BP) Support & Resistance Levels - 6/3/10
BP plc (BP) is bouncing above $39 in pre market trading this morning. BP's credit rating was downgraded this morning to double A and if this relief well doesn't work, oil could gush for as long as December 2010. BP will hit resistance at the 10 day moving average currently located at $42.31. As long as BP holds $35, I think this stock is a buy if you are looking for risk.
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