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Bullish Moving Average Cross by BP (BP)

By James Quinn

BP (NYSE:BP) crossed over its 10-day moving average of $35.93 on a volume of 1.0 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, BP has traded in a range of $27.01 to $43.85 and is now at $36.08, 34% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.8%.

SmarTrend is tracking the current trend status for BP and will alert subscribers who have BP in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses

Ticker(s): BP