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Sunday, July 4, 2010

Brigham Exploration Co. BEXP Stock Analysis July 2010

By Tim - http://stockstobuy.org

The following is Brigham Exploration Co. (BEXP) stock technical analysis for July 6, 2010

Brigham Exploration Co. (BEXP) Support & Resistance Levels - 7/6/10

Resistance Levels: $17.27, $19, $21.15

Support Levels: $14.18, $13.45


Brigham Exploration Co. (BEXP) is the second largest holding in my portfolio right now and I have been adding below $16 over the last week. Brigham Exploration Co. is probably the best pure play oil stock in the United States right now. BEXP has been hitting wells in North Dakota over 5,000 BOEPD. The stock is hitting the 200 day moving average which is a gift for long term investors. If Oil goes above 100 per barrel again, expect Brigham Exploration Co. to hit $25-$30.

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