Berkshire Hathaway Inc (BRK.B) Up 0.48%, Crosses 20 Day Moving Average; Pin Bar Pattern Appearing on Chart

Berkshire Hathaway Inc Daily Price Recap

The back and forth price flow continues for Berkshire Hathaway Inc, which started today off at 186.52 US dollars, up 0.48% ($0.89) from the previous day. This move happened on lower volume, as yesterday’s volume was down 16.2% from the day before — and down 15.2% from the same day the week before. Below is a daily price chart of Berkshire Hathaway Inc.

Berkshire Hathaway Inc Technical Analysis

First things first: Berkshire Hathaway Inc crossed above its 20 day moving average yesterday. Volatility for Berkshire Hathaway Inc has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. Traders will also want to note, though, that a counter trend — meaning a trend going up — can be seen on the 30 day timeframe. So if you expect the primary trend to resume, the counter trend may be providing an opportunity to sell rallies. For another vantage point, consider that Berkshire Hathaway Inc’s price has gone down 6 of the previous 10 trading days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to BRK.B: