Could BP ADR (BP Stock) reach the 36.80 level?

AAATrade Team AAATrade

Today’s instrument is the BP ADR stock traded in NYSE stock exchange under the ticker BP.

Looking at the BP’s chart, we can see that it is currently traded at $34.84.

Today, it is announcing its quarterly earnings and if the market’s anticipation is positive then we should see the price testing the resistance level at around $36.30, and if it manages to pass it, then it could approach the level of $36.80.

On the other hand, it could break down from its support level which is located at around $34.50.

Author

AAATrade Team

AAATrade

The AAATrade Team has extensive experience in content writing for the financial industry. Stelios Nikolaou is the lead writer of the team, he currently works at AAATrade to provide research and content writing services.

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