By Tim - http://stockstobuy.org
The following is BP plc (BP) stock technical analysis for December 7, 2010
BP plc (BP) Support & Resistance Levels - 12/7/10
Chart - http://www.stockcharts.com/
BP plc (BP) Support & Resistance Levels - 12/7/10
Resistance Levels: $44.37, $45, $45.62
Support Levels: $42
Support Levels: $42
Chart - http://www.stockcharts.com/
BP plc (BP) stock is trading back above the 200 day moving average for the first time since the oil spill. BP stock will now need to close above and hold this level for awhile. If BP closes above this level, it will flash a new buy signal. I feel the stock can rally back to $46-$48.
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