By Tim - http://stockstobuy.org
The following is BP plc (BP) stock technical analysis for June 4, 2010
BP plc (BP) Support & Resistance Levels - 6/4/10
BP plc (BP) stock is bouncing yet again in pre market this morning as we prepare for the jobs report. BP has resistance located at Thursday's high of $39.41 as well as the crashing 10 day moving average currently located at $41.70. BP has support on the downside located at $37 as well as $35. A break below $35 at any time would be very bearish and I'd be moving to the sidelines.
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