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Thursday, July 29, 2010

BP plc (BP) Stock Analysis - 7/30/10

By Tim - http://stockstobuy.org

The following is BP plc (BP) stock technical analysis for July 30, 2010

BP plc (BP) Support & Resistance Levels - 7/30/10

Resistance Levels: $39, $40, $40.61, $45.57

Support Levels: $35, $32.00

Chart - http://www.stockcharts.com/

BP Plc (BP) hit $38.90 today but failed to break the previous two high of $39 and $39.81. BP stock should explode on a break above $40 whenever that happens down the road. BP has support right now at the 10 day moving average located at $37.00. I'd be a buyer of BP below $35 if we see a sell off anytime soon.

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