Can Entera Bio Ltd. (ENTX)’s Tomorrow be Different? The Stock Formed a Bearish Ascending Triangle Chart Pattern

November 10, 2018 - By whatsonthorold

The stock of Entera Bio Ltd. (ENTX) formed an ascending triangle with $4.87 target or 7.00 % below today’s $5.24 share price. The 8 months triangle pattern indicates high risk for the $59.88M company. If the $4.87 price target is reached, the company will be worth $4.19M less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

The stock decreased 0.19% or $0.01 during the last trading session, reaching $5.24. About 1,500 shares traded. Entera Bio Ltd. (NASDAQ:ENTX) has 0.00% since November 10, 2017 and is . It has underperformed by 15.62% the S&P500.

More notable recent Entera Bio Ltd. (NASDAQ:ENTX) news were published by: Twst.com which released: “Chesapeake Energy Corporation: Chesapeake Energy Corporation Reports 2018 Third Quarter Financial And …” on October 30, 2018, also Twst.com with their article: “Sterling Bancorp: Sterling Bancorp announces results for the third quarter of 2018 with record earnings per share …” published on October 24, 2018, Streetinsider.com published: “Entera Bio Ltd. (ENTX) Highlights Positive Results from Part 1 of Phase 2 PK/PD Study of Oral PTH (1-34) in Patients …” on November 08, 2018. More interesting news about Entera Bio Ltd. (NASDAQ:ENTX) were released by: Streetinsider.com and their article: “Form 6-K Entera Bio Ltd. For: Nov 08” published on November 08, 2018 as well as Nasdaq.com‘s news article titled: “Entera Bio Reports Positive Results from Part 1 of a Phase 2 PK/PD Study of Oral PTH (1-34) in Patients with …” with publication date: November 08, 2018.

Entera Bio Ltd., a clinical-stage biopharmaceutical company, focuses on the development and commercialization of orally delivered large molecule therapeutics for unmet medical needs. The company has market cap of $59.88 million. The company's lead product includes the EB612, an oral parathyroid hormone product candidate that has completed a Phase IIa clinical trial for hypoparathyroidism. It currently has negative earnings. It is also developing EB613 that has completed Phase I clinical trials for the treatment of osteoporosis and non-union bone fractures; and other platform modules.

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