By Tim - http://stockstobuy.org
The following is BP plc (BP) stock technical analysis for July 15, 2010
BP plc (BP) Support & Resistance Levels - 7/15/10
BP plc (BP) topped out at the 50 day moving average on Wednesday and then pulled back on Thursday. BP should now have support around $35-$36.20 or a pullback to $32 is very likely. At this point, I would be a buyer of BP on dips to $32 with a stop loss order set at $31. For the longer term investor, I wouldn't touch this stock until BP closes back above the 50 day moving average located at $37.77.
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