By Tim - http://stockstobuy.org
The following is BP plc (BP) stock technical analysis for January 11, 2011
BP plc (BP) Support & Resistance Levels - 1/11/11
Support Levels: $45, $44
Chart - http://www.stockcharts.com/
BP plc (BP) Support & Resistance Levels - 1/11/11
Resistance Levels: $47.37, $48, $50
Support Levels: $45, $44
Chart - http://www.stockcharts.com/
BP plc (BP) continues to bounce off the 10 day moving average. BP has resistance at $47.37 but then nothing major until $48-$50. BP will see some technical buying when the stock closed back above $47. BP is a strong buy on pullbacks below $44. BP should hit $52-$55 sometime in 2011.
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