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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00:00It's Benzinga, and here's what's on the block.
00:02Berkshire Hathaway stock closed at a record high on Monday, lifted by gains in some of
00:06its major holdings such as Apple, American Express, Chevron, and Occidental Petroleum.
00:11The stock broke out of a symmetrical triangle pattern on the weekly chart, which is a bullish
00:15technical signal that suggests the upward trend will continue.
00:19The symmetrical triangle breakout occurred on strong volume, adding confirmation that
00:23buyers are supporting higher prices.
00:25Berkshire's stock performance is seen as a proxy for the U.S. economy due to its diverse
00:29business portfolio.
00:30For all things money, visit Benzinga.com.