Flight to Safety in Berkshire Hathaway $BRK.B – March 14, 2025
This is Scott at Scott Trades on Twitter with StockMarketMentor.com and your Chart of the Day. I want to take a look at Berkshire Hathaway ( NYSE: BRK.B ).
Berkshire Hathaway ( NYSE: BRK.B ) seems to be a bit of a flock-to-safety kind of trade As we have SPY ( NYSEARCA: SPY ) under the 200-day moving average. And we have the Qs ( NASDAQ: QQQ ) under the 200-day moving average, we even have Bitcoin around the 200-day moving average.
Berkshire Hathaway ( NYSE: BRK.B ) is just off the highs so people are flocking to Uncle Warren for safety during this time of uncertainty. I suspect that if the market does turn around or bounce into the next week, we should see new all-time highs here on Berkshire Hathaway ( NYSE: BRK.B ).
Today’s move came on higher than average volume, and even over the last couple of days buyers were stepping in to get this in and around the 21-day EMA. It didn’t even come down to the 50-day, it didn’t even get close to the 200-day moving average. There’s some definite relative strength here on Berkshire Hathaway ( NYSE: BRK.B ).
What I would do for a momentum trade is, set an alert on Berkshire ( NYSE: BRK.B ) right around 519.00. If you see a move-through and a close above 519.00 then we’re going to have a breakout to new highs here on Berkshire Hathaway ( NYSE: BRK.B ). This is definitely a stock that we’re paying close attention to over at Stock Market Mentor.
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