By Tim - http://stockstobuy.org
The following is BP plc (BP) stock technical analysis for September 13, 2010
BP plc (BP) Support & Resistance Levels - 9/13/10
BP plc (BP) Support & Resistance Levels - 9/13/10
BP plc (BP) is trading at $38.35 in pre market as the stock continues to fail around the $38.50 resistance area. If BP closes back above $38.50, I think we will see a rally back to $40. If BP can close above $40, I feel we will test the recent $41.59 high from August. BP has support at $36 and remains a strong long term buy below this level.
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