Watch These Berkshire Hathaway Price Levels After Stock Sets Record High
Key Takeaways
- Berkshire Hathaway shares set a fresh record high Monday after the conglomerate reported over the weekend that its fourth-quarter operating earnings surged more than 70% from a year earlier.
- The stock broke out above the the top trendline of an ascending triangle on Monday, potentially setting the stage for following-through buying.
- A measured move forecasts an upside target of $555, while bars pattern analysis predicts a price target of around $560.
- Investors should watch a key area of support on Berkshire’s chart around $485, which could flip from prior resistance into future support.
Berkshire Hathaway (BRK.B) shares jumped to a record high Monday after the conglomerate reported over the weekend that its fourth-quarter…
