Berkshire HathawayMeanwhile, Berkshire Hathaway ( BRK.B) is forming the exact opposite setup right now -- and as you might guess, that's sending traders a bearish signal for the fourth quarter. Berkshire's price pattern is called a descending triangle; it's formed by downtrending resistance above shares and horizontal support to the downside at the $111 level. In this case, Berkshire is getting squeezed closer towards a breakdown below its price floor at $111.
5 Big Stocks to Trade for Big Gains
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