By Tim - http://stockstobuy.org
The following is BP plc (BP) stock technical analysis for July 13, 2010
BP plc (BP) Support & Resistance Levels - 7/13/10
BP plc (BP) stock closed above yet another resistance level on Monday which was located at $36.20. BP has the potential to trade up to $40 in the short term but I feel the stock is short term overbought and I'd be a seller up there. BP has support at $36.20 as well as $35. If BP falls below $35, the stock could fall to the $31-$33 area which would be a buy.
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