It always strikes me as funny when Warren Buffett's Berkshire Hathaway (BRK.B - Get Report) pops up as a potential trade. After all, until recently, the Oracle of Omaha intentionally kept the prices of his firm's shares at high levels to dissuade trading. But since the decision to split shares of his Class B stock in 2010, liquidity has been high enough for trading opportunities to come through this stock.
Berkshire is enjoying a good run in 2012, rallying more than twice as much as the S&P over the last six months. But in the short-term, the setup to watch is the same ascending triangle that we're focusing on in MTB. $86 resistance has been a stumbling point for BRK in August. A breakout above that price is a buy signal for Berkshire.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts