By Tim - http://stockstobuy.org
The following is BP plc (BP) stock technical analysis for August 26, 2010
BP plc (BP) Support & Resistance Levels - 8/26/10
Resistance Levels: $37, $38.35, $40
Support Levels: $35.24, $34.00, $32.50
Chart - http://www.stockcharts.com/
Support Levels: $35.24, $34.00, $32.50
Chart - http://www.stockcharts.com/
BP Plc (BP) reversed Wednesday afternoon after breaking below $35 for the 2nd straight day. As I have been saying, BP is a strong buy below $35 and will continue to be. BP is trading at $35.74 this morning and the stock will have support located at the 50 day moving average. If BP stock can gain momentum and close above the 10 day moving average, I think it can rally back to $39-$40.
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/
