Aemetis, Inc. (AMTX)’s Double Bottom Chart Pattern Points to Higher Stock Risks

January 18, 2018 - By Ellis Scott

The chart of Aemetis, Inc. (AMTX) shows a double bottom with $0.64 target or 9.00 % below today’s $0.70 share price. The 5 months chart pattern indicates high risk for the $13.88 million company. It was reported on Jan, 18 by Finviz.com. If the $0.64 price target is reached, the company will be worth $1.25 million less. Double bottoms are rare but powerful chart patterns.

The stock decreased 2.76% or $0.0199 during the last trading session, reaching $0.7001. About 14,778 shares traded. Aemetis, Inc. (NASDAQ:AMTX) has declined 50.79% since January 18, 2017 and is downtrending. It has underperformed by 67.49% the S&P500.

More important recent Aemetis, Inc. (NASDAQ:AMTX) news were published by: Seekingalpha.com which released: “Aemetis Has Risks But Is A Bargain At This Price” on November 16, 2015, also Seekingalpha.com published article titled: “Aemetis – Changes Bring More Potential Upside”, Seekingalpha.com published: “Aemetis’ (AMTX) CEO Eric McAfee on Q3 2017 Results – Earnings Call Transcript” on November 12, 2017. More interesting news about Aemetis, Inc. (NASDAQ:AMTX) was released by: Marketwatch.com and their article: “Aemetis Inc.” with publication date: November 16, 2011.

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