By Tim - http://stockstobuy.org
The following is BP plc (BP) stock technical analysis for December 3, 2010
BP plc (BP) Support & Resistance Levels - 12/3/10
Chart - http://www.stockcharts.com/
BP plc (BP) Support & Resistance Levels - 12/3/10
Resistance Levels: $44.37, $45, $45.62
Support Levels: $42
Support Levels: $42
Chart - http://www.stockcharts.com/
BP plc (BP) is bouncing again after trading below $40 last week. If BP falls below $40 again, I would start buying for the long term. BP stock will now face resistance around $43.20 which is the current 200 day moving average. When BP closes above this level, it will flash a new buy signal. I feel the stock could then rally to $46-$48.
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