Inventergy Global, Inc. (INVT)’s Trend Up, Especially After Forming a Descending Triangle Chart Pattern

March 14, 2018 - By Adrian Mccoy

The stock of Inventergy Global, Inc. (INVT) formed a descending triangle with $0.06 target or 8.00 % above today’s $0.06 share price. The 5 months triangle pattern indicates low risk for the $1.04M company. If the $0.06 price target is reached, the company will be worth $83,520 more.
The descending triangle is in our view more reliable than the ascending one. The descending triangle pattern has break even failure rate for up and down breakouts of 7% and 16%, respectively. The average rise and decline is 47% and 16%. The throwback or so called pullback rates are: 37% and 54%. The stocks meeting their targets is high for this type of breakout: 84% and 54% percent.

The stock increased 5.77% or $0.003 during the last trading session, reaching $0.055. About 65,127 shares traded. Inventergy Global, Inc. (OTCMKTS:INVT) has declined 90.23% since March 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: which released: “Inventergy Global, Inc. Announces That Pabellon, Inc. Has Engaged With a …” on September 27, 2016. Also published the news titled: “Inventergy Global’s (INVT) CEO Joe Beyers on Q4 2015 Results – Earnings Call …” on April 05, 2016.‘s news article titled: “Inventergy Global Inc.” with publication date: June 07, 2017 was also an interesting one.

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