Tom Ronk is updating coverage on Inventergy Global (NASDAQ: INVT). The company has been aggressively shorted and the stock price just keeps fighting back. 29 million of the 32 million total shares have been shorted at an average price of $2.16 and the stock is at $1.94 and climbing. This one is explosive. Click here for recent news:
Inventergy Global, Inc. (“Inventergy”) is a Silicon Valley-based intellectual property company dedicated to identifying, acquiring and licensing patented technologies of market-significant technology leaders. Led by IP industry pioneer and veteran Joe Beyers, the Company leverages decades of corporate experience, market and technology expertise, and industry connections to assist Fortune 500 companies in leveraging the value of their innovations to achieve greater returns. For more information about Inventergy, visit www.inventergy.com.
Inventrgy Global closed up 0.130 at 2.070. Volume was 52% below average (consolidating) and Bollinger Bands were 66% narrower than normal.
Open High Low Close Volume___
2.010 2.150 1.970 2.070 157,012
Short Term: Neutral
Intermediate Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 1.92 1.91 2.27
Volatility: 60 112 195
Volume: 46,312 219,416 304,896
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
Inventrgy Global is currently 9.0% below its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect volume flowing into and out of INVT.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on INVT.O and have had this outlook for the last 0 periods.
Latest posts by Shayne Heffernan (see all)
- After the Finish Line: Looking After America’s Race Horses - January 18, 2017
- Exclusive Interview with Bikini Model Tancy Marie - January 18, 2017
- 2bc Agency Ready to Defend Model Volleyball Cup in Miami Beach - January 18, 2017