Resistance levels: $38.09, $36.95, $35.81
The share of BP are trading under all moving average.This stock got hit big time last few trading days. That’s the question everyone seems to be asking about British Petroleum’s (BP) stock price.BP shares are down 35% since the company set off the biggest oil spill in the history of mankind. That’s a loss of more than $60 billion in market value. And it begs the question..At what price would you be willing to buy British Petroleum stock?Think about it. At $37 per share, BP trades at book value and just six times earnings. And it pays a dividend of nearly 9%..Stock has some resistance level $40.Support level is $38.If stock broke $34 level stock could go $31 level.I think stay away from Bp stock chart and fundamental not looking good.I think any bounce people will get out from this stock.I don't see any upside for long time BP stock.Stock could go low $10 for near future all option activities telling me.
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