By Tim - http://stockstobuy.org
The following is BP plc (BP) stock technical analysis for September 29, 2010
BP plc (BP) Support & Resistance Levels - 9/29/10
BP plc (BP) Support & Resistance Levels - 9/29/10
Resistance Levels: $41.59, $45
Support Levels: $37.90, $36, $35, $32.50
Chart - http://www.stockcharts.com/
Support Levels: $37.90, $36, $35, $32.50
Chart - http://www.stockcharts.com/
BP plc (BP) is hitting $40 as predicted over the past two weeks. BP stock now has resistance located at $41.59 on the upside. If BP can close above $41.59, I think the stock can return to the mid $45's before profit taking sets in. BP a solid long term buy below $36 per share if we were to see a sell off. BP should begin a new uptrend soon and bounce off the 10 & 50 day moving averages.
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