BP Prudhoe Bay Hammered But May Bounce At The 200 Moving Average

Oil has been hammered over the last week causing some oil plays to sell off sharply. One of those major sellers is BP Prudhoe Bay Royalty Trust (NYSE:BPT). It has dropped significantly today, and looks like it is going to hit the 200 moving average. This could be a high risk bounce play. The buy area would be at $101.00, on a cross of the 200 moving average.

Gareth Soloway
InTheMoneyStocks.com

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