BRK.B Stock Moves Above 50- & 200-Day SMA: Buy, Sell or Stay Invested?
Key Takeaways BRK.B moved above its 50- and 200-day SMAs on Dec. 22, signaling the start of an uptrend.BRK.B's average analyst price target implies 7.6% upside, though the stock trades above industry P/B levels.BRK.B's modest ROE, ROIC and falling earnings estimates temper optimism.Shares of Berkshire Hathaway Inc. (BRK.B) have gained momentum recently. The stock moved above its 50- as well as 200-day simple moving average (SMA) on Dec. 22, signaling a bullish trend.The 50-day and 200-day SMAs are key indic ...