By Tim - http://stockstobuy.org
The following is BP plc (BP) stock technical analysis for September 1, 2010
BP plc (BP) Support & Resistance Levels - 9/1/10
BP plc BP Stock is back above $36 and the 10 & 50 day moving averages. BP continues to be a strong buy below $35 as I have been saying for the past week. A well respected guest came on CNBC this morning and told viewers he thinks BP is still dirt cheap and it has a lot more room to go. He also said that BP's bankruptcy risk is completely off the table and this company will continue to get strong in the future. BP stock won't hit any major resistance until $38.50.
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