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  • BP Sinks After Earnings 0 comments
    Jul 30, 2013 11:53 AM | about stocks: BP

    Today, leading integrated energy stock BP plc (NYSE:BP) is trading sharply lower during the trading session. Earlier today, the company reported earnings that were below estimates. BP cited a stronger U.S. Dollar, and added payout expenses from the 2010 oil spill in the Gulf of Mexico for the poor earnings report. BP stock is trading lower by $1.83 to $41.29 a share. Short term day traders should watch for intra-day support around the $40.75 level. The daily chart is showing support around the $39.80 area.

    Nicholas Santiago

    (click to enlarge)

    Stocks: BP
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