BP Amoco PLC stock trades under the ticker BP & has shown recent bullishness that traders & investors should take a closer look into.
BP closed at $29.80/share on 3/21/2022.
BP Amoco PLC BP Stock’s Technicals Broken Down
BP Stock Price: $29.80
10 Day Moving Average: $28.82
50 Day Moving Average: $30.54
200 Day Moving Average: $27.10
RSI: 51.65
MACD: -0.478
BP stock completed a bullish MACD crossover today, rising above its 10 Day Moving Average.
With 6% separating their 10 & 50 Day Moving Averages & the price in between, there looks to be more momentum in the near-term.
Their just above neutral RSI & higher than average trading volumes in 2022 vs. the year prior will also help.
They will need to break above the $29.95, $30.33 & $30.75 resistance levels.
BP Amoco PLC BP Stock As A Long-Term Investment
Long-term oriented investors will find BP stock’s valuation metrics appealing, with a P/E (ttm) of 6.16 & a P/B (mrq) of 1.22.
They recently reports Quarterly Revenue Growth Y-o-Y of 83%, with Quarterly Earnings Growth Y-o-Y of 71.3%.
Their balance sheet may require a closer review though, with $30.96B in Total Cash (mrq) & $69.79B in Total Debt (mrq).
BP stock pays a 4.55% dividend yield, which appears safe with a payout ratio of 46.3%.
Only 9.8% of BP stock’s outstanding share float is held by institutional investors.
Their most recent debt rating from Moody’s was A2, which is considered to be upper medium grade.
BP Amoco PLC BP Stock As A Short-Term Trade Using Options
BP stock has options that you can trade to profit from price movements in any direction.
I am looking at the contracts with the 4/14 expiration date.
The $29 & $30 calls look interesting, and very liquid.
The $33 & $32 puts also look interesting, and are also fairly liquid as well.
Tying It All Together
Overall, BP stock is worth taking a closer look at, regardless of your trading style.
Investors will find their fundamentals appealing, but may want to look closer into their balance sheet.
Traders will like their current momentum, as well as the liquidity of their options.
*** I DO NOT OWN SHARES OF BP STOCK ***