By Tim - http://stockstobuy.org
The following is BP plc (BP) stock technical analysis for July 6, 2010
BP plc (BP) Support & Resistance Levels - 7/6/10
Resistance Levels: $30.42, $32.53, $34.46, $36.20
Support Levels: $29
Chart - http://www.stockcharts.com/
Support Levels: $29
Chart - http://www.stockcharts.com/
BP plc (BP) closed above the 10 day moving average during the past two trading days. BP stock now has resistance located at $30.42 as well as $32.53. I plan to buy BP for a trade when the stock breaks $30.42 and add above $32.53. I expect BP to retest the 50 day moving average within the next few months but the 50 day will be much lower. If you are looking at taking a long term position in BP, wait for a few closes above the 50 day moving average.
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/
