Could Global X Robotics & Artfcl Intllgnc ETF (BOTZ) Gain Strenght After Forming Bearish Double Bottom Chart Pattern?

The chart of Global X Robotics & Artfcl Intllgnc ETF (BOTZ) shows a double bottom with $17.75 target or 5.00 % below today’s $18.68 share price. The 8 months chart pattern indicates high risk for the $1.73B company. It was reported on Dec, 7 by Finviz.com. If the $17.75 price target is reached, the company will be worth $86.50M less. Double bottoms are rare but powerful chart patterns.

The ETF decreased 2.05% or $0.39 during the last trading session, reaching $18.68. About 1.45 million shares traded or 61.50% up from the average. Global X Robotics & Artfcl Intllgnc ETF (NASDAQ:BOTZ) has risen 3.24% since December 7, 2017 and is uptrending. It has underperformed by 12.38% the S&P500.

More notable recent Global X Robotics & Artfcl Intllgnc ETF (NASDAQ:BOTZ) news were published by: Investorplace.com which released: “5 More Artificial Intelligence Stocks to Consider – Investorplace.com” on November 06, 2018, also Benzinga.com with their article: “A Robotics ETF (NASDAQ: BOTZ) Springs To Life – Benzinga” published on June 22, 2017, Nasdaq.com published: “5 Red Hot Picks for Electrifying Gains From AI & Automation – Nasdaq” on August 10, 2017. More interesting news about Global X Robotics & Artfcl Intllgnc ETF (NASDAQ:BOTZ) were released by: Zacks.com and their article: “ETFs to Buy as NVIDIA Shares Dip on Bleak Outlook – Zacks.com” published on August 17, 2018 as well as Etfdailynews.com‘s news article titled: “ยป Should Investors Start Considering Robotics As A Core Position? (BOTZ) – ETF Daily News” with publication date: June 28, 2017.

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