Berkshire Hathaway (BRK.B): Golden Cross
Berkshire Hathaway (BRK.B) flashed the golden cross (50-day moving average rises above 200-day) signal.
The red price bars showing underperformance vs. SPX recently.
BRK.B is in a triangle pattern also.
If this golden cross signal fails will it break the lower trendline?
BRK.B is a good stock to follow for hints on how the economy is doing.
We can see BRK.B has been hugging the S&P 500 since August.
Is it in transisition mode?
The golden cross is a good filter to help narrow down the field. From there, traders should apply the Seven Steps to Better Stock Trading. For example, it is important to determine if there is a trend. One way to do it is to apply a swing indicator and look for a pattern of higher highs and higher lows. Better yet, just use my Total Indicator for eSignal. It’s free!