BP plc BP Stock Analysis - 9/8/10

By Tim - http://stockstobuy.org

The following is BP plc (BP) stock technical analysis for September 8, 2010

BP plc (BP) Support & Resistance Levels - 9/8/10

Resistance Levels: $38.50, $40

Support Levels: $36, $35, $32.50

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

BP plc (BP) stock is higher today after an internal report shows that BP was not fully responsible for what went wrong on the oil rig last spring. BP stock wil have resistance located at $38.50 but then nothing until around $40. BP is trading above the 10 & 50 day moving averages which is technically bullish. BP will now have support on the downside located at $36.

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