By Tim - http://stockstobuy.org
The following is BP plc (BP) stock technical analysis for October 4, 2010
BP plc (BP) Support & Resistance Levels - 10/4/10
Chart - http://www.stockcharts.com/
BP plc (BP) Support & Resistance Levels - 10/4/10
Resistance Levels: $42, $45
Support Levels: $39.55, $38.22
Support Levels: $39.55, $38.22
Chart - http://www.stockcharts.com/
BP plc (BP) broke through $41.59 on Friday and is now seeing a sell off . BP stock continues to be in break out mode and I think the stock can go back to $45-$46. BP will have short term support located at $40 and resistance at $42. If BP sold off under $38, I'd be a buyer for the long term.
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