By Tim - http://stockstobuy.org
The following is BP plc (BP) stock technical analysis for August 19, 2010
BP plc (BP) Support & Resistance Levels - 8/19/10
Resistance Levels: $37.81, $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) broke down through $37.49 and is now testing $37 support today. BP must hold this level on a closing basis or the stock could fall to $35 or lower. If BP stock fell below $35, I think it is a strong buy for a bounce. BP recently closed the leaking oil well and appears to be getting back to normal business. On the upside, if BP breaks $37.81, I think it will pop.
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/
