What’s Propelling Inventergy Global, Inc. (INVT) to Decrease? The Stock Formed a Bearish Multiple Bottom Chart Pattern

February 14, 2018 - By Peter Erickson

The stock of Inventergy Global, Inc. (INVT) shows a multiple bottoms pattern with $0.06 target or 6.00 % below today’s $0.06 share price. The 6 months chart pattern indicates high risk for the $1.14 million company. It was reported on Feb, 14 by Finviz.com. If the $0.06 price target is reached, the company will be worth $68,340 less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The stock 2.56% or $0 during the last trading session, reaching $0.06. It is down 90.23% since February 14, 2017 and is downtrending. It has underperformed by 106.93% the S&P500.

More recent Inventergy Global, Inc. (OTCMKTS:INVT) news were published by: Marketwired.com which released: “Inventergy Global, Inc. Announces That Pabellon, Inc. Has Engaged With a …” on September 27, 2016. Also Seekingalpha.com published the news titled: “Inventergy Global’s (INVT) CEO Joe Beyers on Q4 2015 Results – Earnings Call …” on April 05, 2016. Marketwatch.com‘s news article titled: “Inventergy Global Inc.” with publication date: June 07, 2017 was also an interesting one.

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