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Trading Review: BP plc NYSE:BP

Profile: BP plc provides fuel for transportation, energy for heat and light, lubricants to engines, and petrochemicals products. Its Exploration and Production segment engages in the oil and natural gas exploration, field development, and production; midstream transportation, and storage and processing; and marketing and trading of natural gas, including liquefied natural gas (LNG), and power and natural gas liquids (NGL). This segment has exploration and production activities in Angola, Azerbaijan, Canada, Egypt, Norway, Russia, Trinidad and Tobago, the United Kingdom, and the United States, as well as in Asia, Australasia, South America, North Africa, and the Middle East. It also owns and manages crude oil and natural gas pipelines; processing facilities and export terminals; and LNG processing and transportation, as well as NGL extraction facilities. The company’s Refining and Marketing segment is involved in refining, manufacturing, marketing, transportation, and supply and trading of crude oil, petroleum, and petrochemicals products and related services to wholesale and retail customers primarily under the BP, Castrol, and Aral brands. BP plc also engages in the alternative energy business, as well as offers shipping and treasury services. The company was founded in Y 1889 and is HQ’d in London, the United Kingdom.

Website: http://www.bp.com

Headlines: BP and DOJ try to forge last minute deal to avoid trial, Guardian says

http://finance.yahoo.com/news/bp-doj-try-forge-last-190601850.html

Trading Review

BP, 12 block trades were executed Friday, at least 10,000/shrs or more represent a single block unit.

An analysis shows that 122,500 shares were bought and 555,500 shares were sold. The Bought/Sold Ratio BSR for shares of BP is 0.22, representing a negative net cash flow of $17,880,386 out of the stock.

Block trades help investors understand the sentiment of large financial institutions

On the options front, a total of 105,519 contracts were traded, 81,165 Call and 24,354 Put contracts were traded for a 0.30 Put/Call Ratio PCR.

Investors use PCR statistics to measure trader sentiment.

A high PCR suggests that the overall investment sentiment is Bearish and that investors expect the underlying stock to decline in value.

A low PCR implies that investor sentiment is Bullish based on the large amount of Call options purchased

BP finished trading Friday at 41.83, +1.04 (+2.55%).

The daily trading range Friday was: 40.56 – 42.19

The 52 wk trading range is: 36.25 – 48.34

Friday’s volume: 16-M/shares is greater than the average 3 month volume of 6-M/shares.

The Relative Strength Index RSI indicator shows oversold conditions in here: 44.42

BP shares are trading below their 50-Day MA, and above their 200-Day MA.

P/E: 11:37

EPS: 3.62

DiviYield: 2.17 (5.53%)

Next Earnings Date: 1 May 2013

Analysts Recommendation: Hold

1 yr price target estimate: 51.20

Performance Metrics

Week Month Quarter Half Year Year
-3.91% -5.58% +0.17% -2.09% -10.09%

LTNs Analysis for BP: Overall Short Intermediate Long
Neutral (-0.05) Neutral (-0.16) Neutral (-0.07) Neutral (0.07)

Recent CandleStick Analysis Very Bullish
Date Candle
21 Feb 2013 DOJI

Open Gaps
Direction Date Range
down 19 Feb 2013 41.84 to 41.61
down 13 Feb 2013 42.97 to 42.83
down 4 Feb 2013 44.48 to 44.13
Support and Resistance
Type Value Conf.
resist. 47.22 1
resist. 45.26 3
resist. 45.01 2
resist. 44.53 3
resist. 44.20 2
resist. 43.74 7
resist. 43.48 2
resist. 43.22 2
resist. 42.77 6
resist. 42.25 5
resist. 41.97 4
supp 41.50 7
supp 41.19 2
supp 40.74 2
supp 40.03 2

Technical Indicators
Ind. Short Inter Long
EMA VBe VBe VBe
MACD VBe Bu VBu
RSI Be
TDD Bu
Fibs Be Be Be
Highs Bu Bu VBu
Lows N N N
Trends N Bu N
Stoch. VBe
VBu=Very Bullish, Bu=Bullish
N=Neutral
Be=Bearish, VBe=Very Bearish