By Tim - http://stockstobuy.org
The following is BP plc (BP) stock technical analysis for March 17, 2011
BP plc (BP) Support & Resistance Levels - 3/17/11
Resistance Levels: $46, $47
BP plc (BP) Support & Resistance Levels - 3/17/11
Resistance Levels: $46, $47
Support Levels: $42.50, $40
Chart - http://www.stockcharts.com/
BP plc (BP) recently made a bottom at $42.50 on the downside. BP plc (BP) will have resistance at $46 as well as $47. BP continues to trade in the uptrend that started in 2010. BP continues to be a strong buy below $45. I think BP will test $50 sometime in the next 6-8 months.
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