Berkshire Hathaway Inc. (NYSE:BRK.A) has been in a strong uptrend over the last year which is a huge positive. Legendary investor Warren Buffet spoke about Berkshire Hathaway Inc. (NYSE:BRK.A) last year and said that the focus of the company in the coming year would be to concentrate on taking over big businesses and expanding them over time. Investors and analysts on the street are quiet upbeat about the change in stance and believe that stock can head higher in the near term. The shares of Berkshire Hathaway Inc. (NYSE:BRK.A) currently trade near an all time high and returned twice the returns from the S&P 500 even though the company took a hit from the underperformance from IBM which was one of the worst performing large cap names.
Analysts believe that the current change in stance would make investors realize that the stock just does not offer a stock portfolio but also companies that are being acquired which could provide massive returns in the near future. Profits in operating businesses meant that the company currently has more than $63.2 billion in cash reserves which many believe would be used by the company to go on an acquisition spree in the near term.
When looking at the daily chart for Berkshire Hathaway Inc. (NYSE:BRK.A), the stock has been in a strong uptrend and has returned close to 27 percent in the last year itself. The stock has broken above the $200,000 a share mark for the first time last August which is a huge positive. Analysts believe that every dip in the stock in the stock should be a buying opportunity. The momentum indicators along with the relative strength index for Berkshire Hathaway Inc. (NYSE:BRK.A) has been trending higher and is indicative of the strong buying interest present at current levels.