Berkshire Hathaway's Stock Starts Its Post-Buffett Life with a Bullish 'Golden Cross'

Berkshire Hathaway's stock has started its post-Buffett life with a bullish 'golden cross' chart pattern. This development comes a little more than two months after the last 'golden cross' appeared. History suggests that this is a good thing for the stock.

The 'golden cross' is a technical indicator that forms when the 50-day moving average crosses above the 200-day moving average. This pattern is often seen as a bullish signal, indicating that the stock is likely to continue its upward trend.

The chart pattern appears a little more than two months after the last one. History suggests it's a good thing for the stock. The 'golden cross' is a technical indicator that forms when the 50-day moving average crosses above the 200-day moving average. This pattern is often seen as a bullish signal, indicating that the stock is likely to continue its upward trend.

Berkshire Hathaway's stock has been on a tear in recent years, with the company's market value increasing significantly under Warren Buffett's leadership. However, with Buffett's departure, investors are wondering what the future holds for the company.

The 'golden cross' is a positive sign for Berkshire Hathaway's stock, but it's not a guarantee of future success. The company's performance will ultimately depend on its ability to adapt to changing market conditions and make smart investment decisions.

Sources

[1] Berkshire Hathaway's stock starts its post-Buffett life with a bullish 'golden cross'