By Tim - http://stockstobuy.org
The following is BP plc (BP) stock technical analysis for January 24, 2011
BP plc (BP) Support & Resistance Levels - 1/24/11
BP plc (BP) Support & Resistance Levels - 1/24/11
Resistance Levels: $47.37, $48, $50
Support Levels: $45, $44
Chart - http://www.stockcharts.com/
BP plc (BP)stock is back above It's 10 day moving average today. BP plc (BP) has resistance at $50 but then nothing major until $52-$53. BP will see some technical buying now that the stock has closed well above $47. BP is a strong buy on pullbacks below $45. I think BP should hit $52-$55 sometime in 2011.
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