BP plc (BP) Stock Analysis - 7/24/10

By Tim - http://stockstobuy.org

The following is BP plc (BP) stock technical analysis for July 24, 2010

BP plc (BP) Support & Resistance Levels - 7/24/10

Resistance Levels: $38.54, $40, $40.61

Support Levels: $35, $32.00

Chart - http://www.stockcharts.com/

BP plc (BP) closed above the 10 & 50 day moving averages on Friday while the 10 day broke up through the 50 day. This type of cross is very bullish from a technical standpoint. BP has resistance located at $38.54 but then nothing until $40. BP will have support on the downside located at $35 but then nothing until around $32. The tropical storm seems to be fizzling out so BP is back at work in the gulf.

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Ford Motor Co. F Stock Analysis - 7/24/10

By Tim - http://stockstobuy.org

Ford Stock Chart - The following is technical analysis for Ford Motor Company ( F ) - July 24, 2010

Ford Motor Co. ( F ) Support & Resistance Levels - 7/24/10

Resistance Levels: $12.87, $13.75

Support Levels: $12, $11.50, $11

Chart - http://www.stockcharts.com

Ford (NYSE:F) rallied Friday due to better than expected earnings. Ford Stock is now approaching resistance located at $12.87. If Ford can close above $12.87, I think the stock can rally back to $13.50-$13.75 easily and eventually make a new 52 week high. The company certainly has the fundamentals to back the stock hitting a new 52 week high. Pullbacks to $12 are a strong buy.

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