Is Selling Electro-Sensors, Inc. (ELSE) Here a Winning Strategy? The Stock Formed Double Bottom Pattern

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

Investors sentiment decreased to 1 in 2018 Q2. Its down 3.00, from 4 in 2018Q1. It turned negative, as 0 investors sold Electro-Sensors, Inc. shares while 2 reduced holdings. 2 funds opened positions while 0 raised stakes. 98,325 shares or 62.48% less from 262,058 shares in 2018Q1 were reported.
Wells Fargo Mn holds 0% or 1 shares in its portfolio. New York-based Tower Rech Cap Ltd Limited Liability Company (Trc) has invested 0% in Electro-Sensors, Inc. (NASDAQ:ELSE). Blackrock accumulated 222 shares or 0% of the stock. National Bank Of America Corp De holds 290 shares. The New York-based Morgan Stanley has invested 0% in Electro-Sensors, Inc. (NASDAQ:ELSE). Deutsche Comml Bank Ag reported 2,574 shares stake. Renaissance Technologies Llc owns 0% invested in Electro-Sensors, Inc. (NASDAQ:ELSE) for 92,600 shares. Royal Natl Bank Of Canada has 2,500 shares for 0% of their portfolio.

The chart of Electro-Sensors, Inc. (ELSE) shows a double bottom with $3.28 target or 8.00 % below today’s $3.57 share price. The 6 months chart pattern indicates high risk for the $12.12 million company. It was reported on Dec, 2 by If the $3.28 price target is reached, the company will be worth $969,760 less. Double bottoms are rare but powerful chart patterns.

The stock decreased 4.03% or $0.15 during the last trading session, reaching $3.57. About 4,247 shares traded or 20.55% up from the average. Electro-Sensors, Inc. (NASDAQ:ELSE) has risen 2.23% since December 2, 2017 and is uptrending. It has underperformed by 13.39% the S&P500.

More notable recent Electro-Sensors, Inc. (NASDAQ:ELSE) news were published by: which released: “Netflix Stock Is the Best Contrarian Bet in Tech – Nasdaq” on November 26, 2018, also with their article: “Commentary: For governments right and left, a season of discontent – Nasdaq” published on November 23, 2018, published: “Ex-Dividend Reminder: Emerald Expositions Events, Microsoft and International Game Technology – Nasdaq” on November 12, 2018. More interesting news about Electro-Sensors, Inc. (NASDAQ:ELSE) were released by: and their article: “Natural Gas Prices Fall Below Zero In Texas – Nasdaq” published on November 29, 2018 as well as‘s news article titled: “Zions Bancorporation Series A Floating-Rate Non-Cumulative Perpetual Preferred Stock Ex-Dividend Reminder – Nasdaq” with publication date: November 27, 2018.

Electro-Sensors, Inc. manufactures and sells industrial production monitoring and process control systems. The company has market cap of $12.12 million. It makes and sells various monitoring systems that measure machine production and operation rates, as well as systems that regulate the speed of related machines in production processes. It currently has negative earnings. The company's speed monitoring systems include a line of products that measure production counts or rates, such as parts, gallons, or board feet; and alarm systems, tachometers, and other devices that translate impulses from the sensors.

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