STOCK BUY SIGNAL TRIGGERED: BP
| Ticker | BP, BP p.l.c. | Note |
| Last Price | 37.75 | |
| Buy | 37.75 | Limit Order |
| Target | 41.53 | Default at 10%, Or Sell when close below ma5(short term)/10(midterm)/20(long term) or when big down day or when formed inverted hammer at a resistance level |
| Stop | 37 | |
| Reward/Risk | 5 : 1 |
More Technical Status
| ATR | 0.89 | |
| Beta | 0.75 | |
| RSI(14) | 67.24 | |
| SMA20 | 6.29% | Distance to SMA20 |
| SMA50 | 7.95% | Distance to SMA50 |
| Recommendation | 2.30 | Analysts’ mean recommendation (1=Buy 5=Sell) |
Our system generated several buy signals today. BP is one of them. Let’s take a look at this stock’s chart.
BP made a clear break out to upside. We can make a small position on the 37.75. But a better entry point might be wait till it reset the 36.84 – 37.00 level. If it holds, make another bigger position.
