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BP Makes Notable Cross Below Critical Moving Average

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In trading on Wednesday, shares of BP PLC (Symbol: BP) crossed below their 200 day moving average of $36.94, changing hands as low as $36.56 per share. BP PLC shares are currently trading down about 1.4% on the day. The chart below shows the one year performance of BP shares, versus its 200 day moving average:

BP PLC 200 Day Moving Average Chart

Looking at the chart above, BP’s low point in its 52 week range is $33.52 per share, with $40.84 as the 52 week high point — that compares with a last trade of $36.62.

nslideshow Click here to find out which 9 other energy stocks recently crossed below their 200 day moving average »

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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