By Tim - http://stockstobuy.org
The following is BP plc (BP) stock technical analysis for September 17, 2010
BP plc (BP) Support & Resistance Levels - 9/17/10
BP plc (BP) Support & Resistance Levels - 9/17/10
Resistance Levels: $40, $41.59
Support Levels: $37.44, $36, $35, $32.50
Chart - http://www.stockcharts.com/
Support Levels: $37.44, $36, $35, $32.50
Chart - http://www.stockcharts.com/
BP plc (BP) is trading around $38 as the stock continues to fail at $38.50. BP does not have resistance until $40 after $38.50 is taken out. BP closed above this level earlier in the week but could not hold it the following day. When BP closes back above $40, I expect a larger break out back to $43-$44 and possibly higher. BP remains a buy below $35 per share for the long term.
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