BP Crosses Above 200-Day Moving Average at $44.30 per Share

The moving averages track the previous price action in a stock. In this case, the 200-day moving average compiles the average share price of the last 200 trading days. Perspective: Price above the average is perceived as positive while price below the average is negative. Currently, BP BP has broken above this level as a resistance line. Traders will look to see if an increase in volume confirms the break, which could send shares higher.