By Tim - http://stockstobuy.org
The following is BP plc (BP) stock technical analysis for November 9, 2010
BP plc (BP) Support & Resistance Levels - 11/9/10
Chart - http://www.stockcharts.com/
BP plc (BP) Support & Resistance Levels - 11/9/10
Resistance Levels: $44.37, $45, $45.62
Support Levels: $42
Support Levels: $42
Chart - http://www.stockcharts.com/
BP plc (BP) briefly traded above the 200 day moving average today which is located at $44.19. BP will continue to have trouble at this key technical level as well as $45. BP is a solid long term buy on 10-15% pullbacks and shorts will continue to cover into this weakness. BP has support located at $42.
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