heikoscreens
Oct 3, 2:43 PM
$LEN is the cleanest bull vs bear setup on my screens this weekend.
Bull side: Berkshire (
$BRK.B) kept adding through Sep 30 (latest fills ~81.6-82, stake now ~11%). It's also one of only 8 stocks passing all 7 Graham Defensive tests on my screener. P/E ~15, yield ~2.4%.
Bear side: Friday close 79.81, already below Berkshire's latest buys. -37% over a year, ~5% above the 52w low (75.70). 30y mortgage rates up six weeks in a row to ~7.3%, Morgan Stanley started it at underweight with a 65 target. And Berkshire's daily buying pace dropped from ~58M to ~13.5M this week.
No momentum or reversal signal yet, so the chart hasn't picked a side. No position. Does the slower buying mean Berkshire is close to done, or just waiting for lower prices?
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