Stock Market Alert on Glaxo SmithKline Plc (ADR) (NYSE: GSK)

Glaxo SmithKline early last week announced that it has invented an anti-biotic which can be used to improve drug resistance to fight off any infections acquired at the hospital. The new drug which is aimed at fighting any infections caused in the hospital is at very early stages and far from being commercialized. Glaxo SmithKline is a global healthcare group engaged in providing over the counter medicines, vaccines and health related products. The company is primarily involved in research, discovery, development, manufacture and marketing of a variety of drugs.

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Glaxo SmithKline shares are currently down 0.45% to $37.97 in the pre-market trading. The company shares have 52 week price range of $32.15 and $43.47. Glaxo SmithKline shares have 50 day moving average of $35.18 and 200 day moving average of $37.25. The company shares have support and resistance levels of $37.63 and $38.64.

BP Plc (ADR) (NYSE: BP): BP Plc has today announced that it expects to start drilling operations in Libya by October. The company announced the delay in starting off its operations to perform a safety check on the equipment used for drilling. The company also announced that it is suspending its operations relating to permanently closing the leaking oil. The company said that they would perform a complete analysis of any complications which could be caused by the complete filling and also a further chance of leakage.

BP shares are currently down 1.75% to $38.25 in the pre-market trading. The company shares have 52 week price range of $26.75 and $62.38. BP shares have 50 day moving average of $34.76 and 200 day moving average of $49.45. The company shares have support and resistance levels of $37.93 and $39.75.

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Bank of America Corporation (NYSE: BAC):Bank of America Corporation today announced that it is considering selling 34% stake in world’s largest asset manager BlackRock Inc. The stake in Blackrock came as part of its Merrill Lynch acquisition and had a fair market value of $9.3 billion as of August 6. The banking giant which has been reshaping itself, has been selling all the investments and units it deems not critical for its core business.

Bank of America shares are currently trading at $13.23 in the pre-market trading. The company shares have 52 week price range of $13.02 and $19.86. Bank of America shares have 50 day moving average of $14.62 and 200 day moving average of $15.90. The company shares have support and resistance levels of $13.11 and $13.57.

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