Berkshire Hathaway's Stock Soars to All-Time High on Strong Market Performance, Reflecting Positive Outlook for US Economy.

Benzinga
Benzinga
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Berkshire Hathaway's stock closed at a record high on Monday, lifted by gains in some of its major holdings, such as Apple, American Express, Chevron, and Occidental Petroleum. The stock broke out of a symmetrical triangle pattern on the weekly chart, which is a bullish technical signal that suggests the uptrend will continue. The symmetrical triangle breakout occurred on strong volume, adding confirmation that buyers are supporting higher prices. Berkshire's stock performance is a proxy for the US economy due to its diverse business portfolio.

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