That's $150/sh on the B's
Crazy right? Looking like BRK-B wants to take back all of the moving averages too. Technically it's looking like it wants to try the 118 level again.
Maybe this weekend will give us a big gapper on Monday and BRK may finally break out. I certainly hope so, this thing has been like watching paint dry while the rest of the market is roaring.
20k open interest? Much more than any other strike/month.
Do you think we'll see $120 in March? Is there a future catalyst in the making to bring BRK to all time highs??
Unfortunately BRK is barely tracking the S&P ...if anything it's weaker
YTD: S&P +25.26%, BRK +26.92%
6M: S&P +9.82%, BRK -0.27%
3M: S&P +5.24%, BRK -0.86%
1M: S&P -0.65%, BRK -2.12%
We may see some panic selling on the fed announcement next week. If we do, that will be the ultimate buying opportunity.
The upper trendline for the consolidation wedge was about $116.94 ...we broke through strongly on the 9th but now we're back in the wedge.
Failed breakout - If that held I think we'd be up up to $119 ...now looks more like the lower portion of the wedge - target $112.5-113