By Tim - http://stockstobuy.org
The following is BP plc (BP) stock technical analysis for July 27, 2010
BP plc (BP) Support & Resistance Levels - 7/27/10
Resistance Levels: $40, $40.61, $45.57
Support Levels: $35, $32.00
Chart - http://www.stockcharts.com/
Support Levels: $35, $32.00
Chart - http://www.stockcharts.com/
BP plc (BP) rallied almost 5% on Monday after the CEO will be stepping down. BP closed another day above the 10 & 50 day moving averages as the uptrend continues. The next major resistance levels for BP are located at $40 & $40.61. If BP can close above $40.61, I think it can test the $45.57 high from late June. BP stock is a buy under $35 now. Earnings are due out Tuesday.
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