[May 25, 2012] Shares of BP Down 14.5% Since Downtrend Call on Shares Tweet May 25, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for BP (NYSE:BP) on March 28th, 2012 at $44.78. In approximately 2 months, BP has returned 14.51% as of today's recent price of $38.28. In the past 52 weeks, shares of BP have traded between a low of $32.92 and a high of $48.34 and are now at $38.28, which is 16% above that low price. The 200-day and 50-day moving averages have moved 0.09% lower and 1.66% lower over the past week, respectively. BP plc is an oil and petrochemicals company. The Company explores for and produces oil and natural gas, refines, markets, and supplies petroleum products, generates solar energy, and manufactures and markets chemicals. BP's chemicals include terephthalic acid, acetic acid, acrylonitrile, ethylene and polyethylene. SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of BP. Log in and add BP (BP) to your watchlist today so you can receive a real-time alert when the shares are about to change trend. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]