By Tim - http://stockstobuy.org
The following is BP plc (BP) stock technical analysis for August 24, 2010
BP plc (BP) Support & Resistance Levels - 8/24/10
Resistance Levels: $37, $38.35, $40
Support Levels: $34.51, $32.50
Chart - http://www.stockcharts.com/
Support Levels: $34.51, $32.50
Chart - http://www.stockcharts.com/
BP Plc (BP) stock failed to close above the 10 day moving average yesterday and is now back below $35 this morning. I view BP as a buy on anything below $36 per share and the stock is just getting beat down because of the stock market today. On the upside, the 10 day moving average is located at $37.33, rallies toward this level should be sold into. BP will also have resistance located at $40.
BP broke the $34.58 low this morning but did not drop hard after it was broken, this is a bullish sign.
BP broke the $34.58 low this morning but did not drop hard after it was broken, this is a bullish sign.
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/
