By Tim - http://stockstobuy.org
The following is BP plc (BP) stock technical analysis for August 23, 2010
BP plc (BP) Support & Resistance Levels - 8/23/10
BP Plc (BP) stock tested the 50 day moving average on Friday and bounced nicely. BP made a low of $35.53 and this now becomes support as well as $35. I view BP as a buy on anything below $36 per share. On the upside, the 10 day moving average is located at $38.35, rallies toward this level should be sold into. BP will also have resistance located at $40.
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