BP plc BP Stock Analysis - 9/5/10

By Tim - http://stockstobuy.org

The following is BP plc (BP) stock technical analysis for September 5, 2010

BP plc (BP) Support & Resistance Levels - 9/5/10

Resistance Levels: $38.50, $40

Support Levels: $36, $35, $32.50

Chart - http://www.stockcharts.com/

BP plc (BP) closed at the high of the day on Friday and is now in break out mode. BP will have support located at $36 which is near the 10 & 50 day moving averages. On the upside, BP will have resistance located at $38.50 followed by $40. BP remains a strong buy below $35 per share.

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