By Tim - http://stockstobuy.org
The following is BP plc (BP) stock technical analysis for June 15, 2010
BP plc (BP) Support & Resistance Levels - 6/15/10
Resistance Levels: $35, $36.20, $38.15, $40, $40.96
Support Levels: $31, $29
Chart - http://www.stockcharts.com/
Support Levels: $31, $29
Chart - http://www.stockcharts.com/
BP plc (BP) is up about $0.75 this morning as the stock market futures are higher. BP has resistance located at $32.60 as well as $34.46 and $35. If you are looking to trade BP, I'd be a buyer on a break above $35. BP stock would be closing above the 10 day moving average as well as break up through a key resistance level which failed on Friday. BP has support on the downside located at $29 but then nothing until $25.
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