$BP Confirming $27 Support Level
British Petroleum 
BP
Current Price $27.38 Price Target $32
27c 10/15 ( $216, 6% till breakeven)
Good stock to own as we continue to see Oil move higher as we go into the summer driving season. If we get $75-$80 a barrel on oil BP’s earnings will benefit greatly.Under 10PE almost 5% dividend makes BP very attractive here. Now that we have confirmed $27 support level we should move up to the top line of resistance in current trading range to about $32.
BPCurrent Price $27.38 Price Target $32
27c 10/15 ( $216, 6% till breakeven)
Good stock to own as we continue to see Oil move higher as we go into the summer driving season. If we get $75-$80 a barrel on oil BP’s earnings will benefit greatly.Under 10PE almost 5% dividend makes BP very attractive here. Now that we have confirmed $27 support level we should move up to the top line of resistance in current trading range to about $32.
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