By Tim - http://stockstobuy.org
The following is BP plc (BP) stock technical analysis for August 25, 2010
BP plc (BP) Support & Resistance Levels - 8/25/10
Resistance Levels: $37, $38.35, $40
Support Levels: $34.00, $32.50
Chart - http://www.stockcharts.com/
Support Levels: $34.00, $32.50
Chart - http://www.stockcharts.com/
BP Plc (BP) broke below the recent $34.58 this morning and is now below the 50 day moving average. BP stock is now back below all three major moving averages as the stock market takes a nose dive. I continue to view BP as a buy below $35. BP will have more support at $34 but then nothing until $32.50.
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/
