By Tim - http://stockstobuy.org
The following is BP plc (BP) stock technical analysis for July 20, 2010
BP plc (BP) Support & Resistance Levels - 7/20/10
Resistance Levels: $38.53, $40, $40.61
Support Levels: $35, $32.50
Chart - http://www.stockcharts.com/
Support Levels: $35, $32.50
Chart - http://www.stockcharts.com/
BP plc (BP) tested the 10 day moving average around $35.45 yesterday but managed to close above it. BP is trading around $35.30 in pre market this morning as the stock market futures point lower. BP now has support located at $34.46 as wel as $32. If BP would close below $32, I think it can go down to retest $30 which would be a buy for a bounce trade. On the upside, resistance is located at $36.20 as well as $38.53. I'd still sell BP near $40 if possible and look to buy back lower.
For more Technical Analysis - Go Here
Today's Biggest Stock Market Gainers - Top 2010 Stock Gainers - Top 2010 Penny Stocks - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Stocks for 2010
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/
