The following is BP plc (BP) stock technical analysis for July 9, 2010
BP plc (BP) Support & Resistance Levels - 7/9/10
Resistance Levels: $34.46, $36.20, $39.50
Support Levels: $32.53, $29
Chart - http://www.stockcharts.com/
Support Levels: $32.53, $29
Chart - http://www.stockcharts.com/
BP plc (BP) closed near the high of day for the third straight trading day today. BP continues to hold previous resistance located at $32.53 which is very bullish. The next major resistance level is now located at $34.46 as well as $36.20. If BP can close above $36.20, I think the stock could make a run toward $40. If BP does make that run toward $40, I would be selling the stock and waiting for a pullback.
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