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Thursday, November 11, 2010

BP plc BP Stock Analysis - 11/11/10

By Tim - http://stockstobuy.org

The following is BP plc (BP) stock technical analysis for November 11, 2010

BP plc (BP) Support & Resistance Levels - 11/11/10

Resistance Levels: $44.07, $45, $45.62

Support Levels: $42

BP plc (BP) is trading in the green today depsite the stock market sell off. BP has major resistance located at $44.07 which is the 200 day moving average. BP is a solid long term buy on 10-15% pullbacks and shorts will continue to cover into any weakness. BP has support located at $42.

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