By Tim - http://stockstobuy.org
The following is BP plc (BP) stock technical analysis for December 6, 2010
BP plc (BP) Support & Resistance Levels - 12/6/10
Chart - http://www.stockcharts.com/
BP plc (BP) Support & Resistance Levels - 12/6/10
Resistance Levels: $44.37, $45, $45.62
Support Levels: $42
Support Levels: $42
Chart - http://www.stockcharts.com/
BP plc (BP) is rallying today as the company is trying to dispute how big the oil spill is. If BP wins, they may get some of their fine back. BP stock will now face resistance around $43.15 which is the current 200 day moving average. When BP closes above this level, it will flash a new buy signal. I feel the stock could then rally to $46-$48.
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