By Tim - http://stockstobuy.org
The following is BP plc (BP) stock technical analysis for September 16, 2010
BP plc (BP) Support & Resistance Levels - 9/16/10
BP plc (BP) Support & Resistance Levels - 9/16/10
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 right around that key resistance level of $38.50 this morning. BP stock is still on track to test $40 and if broken, I still think the stock can run back up to $41.59. BP has support located at $37.44 which is the 50 day moving average. Longer term, if BP dips back below $35, it is a strong buy.
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