Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

British Petroleum----Value play.

|Includes: BP p.l.c. (BP)


The BP oil spill is in the past, and so it seems that all problems with future earnings are reflected in the current price of the stock. British Petroleum is now making new highs and crossing above the 200 day moving average. This is more of a value play as the market does not favor this sector. As the 10 day and 50 moving average cross over and above the 200 day moving average you can expect momentum to continue. Because volume is lacking I would not expect exponential movement in the stock price. This stock would be considered for a very long term hold and something you would purchase with your long term retirement accounts. Good luck.


Disclosure: No positions