Berkshire Hathaway (NYSE: BRK.A, BRK.B) stock appears to be turning bullish, with technical indicators suggesting possible sustained price growth.

Specifically, the company’s shares closed Friday above the 200-day moving average (MA) for the first time since early July, ending the session at $489, up less than 0.1%. Year-to-date, the stock has gained nearly 9%.

Indeed, a close above the 200-day MA is considered bullish because it signals a potential shift in long-term momentum, suggesting buyers are regaining control after a period of weakness.

The breakout comes at a pivotal time for Warren Buffett’s conglomerate, which has been under pressure since he announced plans to retire as CEO at the end of 2025. 

BRK stock fundamentals 

Since then, Berkshire shares have lagged the broader market, as investors question whether the “Buffett premium” will endure under successor Greg Abel, head of Berkshire Energy. 

Concerns center on Abel’s limited stock-picking experience, a key issue given that nearly 29% of Berkshire’s $1.1 trillion market cap is tied to its $295 billion equity portfolio, including major stakes in Apple and Coca-Cola.

At the same time, long-term sentiment is also concerning, considering that longtime insurance chief Ajit Jain trimmed his holdings, Berkshire paused buybacks, and the company boosted its record cash hoard through Treasury purchases.

However, some of the investment giant’s fundamentals remain solid. The company reported $12.37 billion in Q2 profit, down from $30 billion a year earlier due to a Kraft Heinz writedown, while operating earnings held steady at $11.16 billion. BNSF Railroad posted a 19% profit increase.

Berkshire also sits on $344 billion in cash, giving it flexibility to pursue acquisitions, buybacks, or new investments as opportunities arise.

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