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Thursday, February 3, 2011

BP plc BP Stock Analysis - 2/3/11

By Tim - http://stockstobuy.org

The following is BP plc (BP) stock technical analysis for February 3, 2011

BP plc (BP) Support & Resistance Levels - 2/3/11
Resistance Levels: $48.09, $50

Support Levels: $45, $44


BP plc (BP) stock is trading back below It's 10 day moving average today. BP plc (BP) has resistance at $48.09 & $50 but then nothing major until $52-$53. BP continues to traded in a narrow weekly range and is only up $1 year to date. BP is a strong buy on pullbacks below $45. I think BP should hit $52-$55 sometime in 2011.

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