Day Trading Blog - This Stock Blog gives insight on daily stock market trading as well as stock trading analysis. We also list stocks to buy, top stocks, stock picks, and the best stocks to invest in 2020. If you are looking for a stock blog about hot stocks that are rising, you came to the right place. Right now my top stocks for 2020 are TSLA, BYND, GBTC, SHLL > HYLN
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Sunday, October 23, 2011
Buy BP PLC (BP) Stock?
BP Plc. (BP) stock is seeing a strong rally in a massive downtrend right now. BP PLC (BP) will hit heavy resistance near the 200 day moving average located at $43.43. If BP closes above the 200 day moving average and holds, look for the stock to advance higher. A failure of the 200 day moving average at any time would cause me to short the stock. Long term, I'd like to buy BP stock below $37 per share.