Bearish Double Bottom Chart Pattern Is Formed By Electro-Sensors, Inc. (ELSE) at $3.50

Electro-Sensors, Inc. (NASDAQ:ELSE) Corporate Logo

Big Money Sentiment increased to Infinity in Q4 2018. It has change of Infinity, from 2018Q3’s 0. The ratio improved due to Electro-Sensors, Inc. positioning: 0 sold and 0 reduced. 1 funds amassed holdings and 2 increased holdings. Investors holded 91,349 in 2018Q3 but now own 241,212 shares or 164.06% more.
Wells Fargo & Co Mn reported 1 shs. Blackrock Inc invested 0% of its capital in Electro-Sensors, Inc. (NASDAQ:ELSE). Tower Research Cap Limited Liability Corp (Trc) stated it has 0% in Electro-Sensors, Inc. (NASDAQ:ELSE). Renaissance Technologies Limited Com owns 89,200 shs or 0% of their US capital. Bancshares Of America Corporation De owns 290 shs for 0% of their capital. Stonebridge Cap Advisors Ltd Liability Corp holds 27,618 shs. Royal Bancshares Of Canada invested in 0% or 2,500 shs.

Electro-Sensors, Inc. (ELSE) has double bottom. It has $3.33 Target and $3.50 share price. The $11.88M company shows high risk because of the 5 months technical pattern. On Mar, 8 the double bottom technical pattern was announced by Finviz.com. At $3.33 Target, the company’s valuation could be $594,200 less.

$3.5 was the last price.Since March 8, 2018 it’s 12.55% down thus downtrending. ELSE underperformed by 16.92% the S&P 500.

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