By Tim - http://stockstobuy.org
The following is BP plc (BP) stock technical analysis for August 12, 2010
BP plc (BP) Support & Resistance Levels - 8/12/10
The following is BP plc (BP) stock technical analysis for August 12, 2010
BP plc (BP) Support & Resistance Levels - 8/12/10
Resistance Levels: $39.75, $41.57, $45.57
Support Levels: $37, $35
Chart - http://www.stockcharts.com/
Support Levels: $37, $35
Chart - http://www.stockcharts.com/
BP Plc (BP) closed below the 10 day moving average on Wednesday and is now testing $38 in pre market. BP has support around $37 but then nothing until the 50 day moving average located at $35. If BP tested the 50 day, the stock would become a strong buy. BP will continue the uptrend when the stock closes back above the 10 day moving averages again. Resistance is now located at $41.59.
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/
