Domino’s Pizza (DPZ) shares jumped in extended trading on Thursday after a filing revealed that Warren Buffett’s Berkshire Hathaway (BRK.A; BRK.B) had taken a stake in the ꦿworld’s largest pizza chain.

According to Berkshire’s 澳洲幸运5开奖号码历史查询:13-F filing released by the U.S. 澳洲幸运5开奖号码历史查询:Securities and Exchange Commi🅰ssion (SEC) late Thursday, the conglomerate bought nearly 1.3 million Domino’s shares that had a market value of about $550 million as of Sept. 30, its only sizable new equity holding during the latest quarter.

Domino’s shares have gained around 6% since the start of the year through Thursday’s close, significantly underperforming the 澳洲幸运5开奖号码历史查询:S&P 500’s 25% return over the same period. The pi𝐆zza chain’s shares fell sharply in July after it forecast weaker store openings and slowing sales in the second half of 2024.

The stock gained nearly 8% to around $470 in after-hours tꦍrading Thursday.

Below, we navigate the 澳洲幸运5开奖号码历史查询:technicals on tꦉhe Domino's chart and identify important price levels worth watching out for.

Symmetrical Triangle Retest

Domino’s Pizza shares broke out above a 澳洲幸运5开奖号码历史查询:symmetrical triangle earlier this month before finding selling pressure near the 澳洲幸运5开奖号码历史查询:200-day moving average and𒁃 retracing towards the pattern’s top t🙈rendline.

However, the stock sits poised to resume its bullish price momentum on Friday following news of Berkshire’s stak⭕e in the stock.

Let’s take a look at three important overhead levels on the pizza maker's chart and also point out a key support area that investors may be watching.

Important Overhead Levels to Monitor

The first overhead level to watch sits around $473, an area where the shares could encounter 澳洲幸运5开奖号码历史查询:resistance near a trendline that connects the prominent April澳洲幸运5开奖号码历史查询: swing low and a series of s🀅imilar trading levels on the chart prior to the stock’s mid-July earnings-driven plunge.

A move higher could see the shares rally to the $505 level. Investors may seek to 澳洲幸运5开奖号码历史查询:lock in profits in this region near the April peak, which closely aligns with the May trough and early July 澳洲幸运5开奖号码历史查询:countertrend high.

Further upside could fuel a move to around $535, a location about 23% above Thursday’s closing price that is likely to attract significant attention near a 澳洲幸运5开奖号码历史查询:double top that formed on the chart between April and June﷽.

Key Support Level to Watch

During 澳洲幸运5开奖号码历史查询:pullbacks, investors s⛄hould keep a close eye on the $435 level. This area on the chart may attract buying interest near▨ the symmetrical triangle’s initial breakout area, which also roughly aligns with a range of comparable trading levels dating back to late January.

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