Berkshire’s most recent trend suggests a bullish bias. One trading opportunity on Berkshire is a Bull Put Spread using a strike $175.00 short put and a strike $170.00 long put offers a potential 8.7% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $175.00 by expiration. The full premium credit of $0.40 would be kept by the premium seller. The risk of $4.60 would be incurred if the stock dropped below the $170.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Berkshire is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Berkshire is bullish.
The RSI indicator is at 74.54 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Berkshire
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Wed, 09 Aug 2017 15:12:00 +0000
Why Bank of America's stock could have less downside in a market correction.
What Led to the Expansion of Berkshire Services Segment in 2Q17?
Wed, 09 Aug 2017 14:36:55 +0000
Berkshire Hathaway’s (BRK.B) Services and Retail division managed to post growth of 8% and revenues to $6.55 billion in 2Q17 compared to $6.39 billion in the prior year.
How Berkshire’s Manufacturing Division Fared
Wed, 09 Aug 2017 13:06:49 +0000
Berkshire Hathaway’s (BRK.B) manufacturing division has seen continued deployment from Buffett in the recent years. The division managed 4.4% top-line growth to $12.7 billion in 2Q17.
Berkshire Hathaway Has Almost $100B in Cash
Wed, 09 Aug 2017 12:46:00 +0000
The company could make acquisitions, but the market’s bull run is a deterrence.
See what the IHS Markit Score report has to say about Berkshire Hathaway Inc.
Wed, 09 Aug 2017 12:00:50 +0000
Berkshire Hathaway Inc NYSE:BRK.B
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