By Tim - http://stockstobuy.org
The following is BP plc (BP) stock technical analysis for December 10, 2010
BP plc (BP) Support & Resistance Levels - 12/10/10
Chart - http://www.stockcharts.com/
BP plc (BP) Support & Resistance Levels - 12/10/10
Resistance Levels: $44.37, $45, $45.62
Support Levels: $42
Support Levels: $42
Chart - http://www.stockcharts.com/
BP plc (BP) continues to form a solid base above the 200 day moving average. Will BP sell off from this level or power ahead in the coming weeks? BP will have resistance up at the previous high of $44.37. If BP stock can close above this level, I think it can run toward $46-$48. I expect BP to trade in the $50's in 2011 and the BP dividend to come back to shareholders.
For more Technical Analysis - Go Here
Today's Biggest Stock Market Gainers - Top 2010 Stock Gainers - Top 2010 Penny Stocks - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Stocks for 2010
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/
