By Tim - http://stockstobuy.org
The following is BP plc (BP) stock technical analysis for July 25, 2010
BP plc (BP) Support & Resistance Levels - 7/25/10
Resistance Levels: $38.54, $40, $40.61
Support Levels: $35, $32.00
Chart - http://www.stockcharts.com/
Support Levels: $35, $32.00
Chart - http://www.stockcharts.com/
BP plc (BP) closed above the 10 & 50 day moving averages on Friday while the 10 day broke up through the 50 day. This type of cross is very bullish from a technical standpoint. BP has resistance located at $38.54 but then nothing until $40. BP will have support on the downside located at $35 but then nothing until around $32. The tropical storm seems to be fizzling out so BP is back at work in the gulf.
For more Technical Analysis - Go Here
Today's Biggest Stock Market Gainers - Top 2010 Stock Gainers - Top 2010 Penny Stocks - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Stocks for 2010
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/
