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Berkshire Hathaway Inc. Message Board

  • rmjjensen rmjjensen Apr 30, 2013 10:55 AM Flag

    $105 = Buying Opportunity before meeting this weekend

    Bought more at this 105 level

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    • I also bought more shares today. Here's what Cramer had to say about Berkshire today: "In the "Off The Charts" segment, Cramer went head to head with colleague Tim Collins over the chart of Berkshire Hathaway(BRK.B_) ahead of the company's annual shareholder meeting.

      Collins noted that after a four-month rally, the daily chart of Berkshire has been trading sideways for almost a month, displaying a classic pennant or flag pattern, which is often bullish for stocks. He felt that once the stock breaks above the $108 level, it could quickly rally to the range of $113 to $122 a share.

      This thesis was confirmed by the accumulation distribution line, a measure of the money flowing into, or out of, a stock. The line showed that Berkshire has been in accumulation mode in recent weeks. The relative strength indicator, or RSI, is displaying a bearish divergence, which is typical during a consolidation phase."

      Sentiment: Strong Buy

125.09-1.49(-1.18%)Feb 11 4:01 PMEST