By Tim - http://stockstobuy.org
The following is BP plc (BP) stock technical analysis for October 18, 2010
BP plc (BP) Support & Resistance Levels - 10/18/10
Chart - http://www.stockcharts.com/
BP plc (BP) Support & Resistance Levels - 10/18/10
Resistance Levels: $42.08, $45.62
Support Levels: $40, $38
Support Levels: $40, $38
Chart - http://www.stockcharts.com/
BP plc (BP) stock is now pulling back and testing $40 after topping out near $42 recently. BP has solid support at $38 if $40 doesn't hold. BP is a great long term buy below $38 if we would see a greater pullback. At this point, BP will have resistance at $42.08 as well as the 200 day moving average located at $45.62.
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