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
