What Will Happen to Reliv' International, Inc. (RELV) Next? The Stock Formed a Several Months Ascending Triangle

September 8, 2018 - By Richard Slagle

Reliv' International, Inc. (NASDAQ:RELV) Logo

The stock of Reliv' International, Inc. (RELV) formed an ascending triangle with $5.00 target or 3.00 % below today’s $5.15 share price. The 7 months triangle pattern indicates high risk for the $9.50M company. If the $5.00 price target is reached, the company will be worth $285,090 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.

It closed at $5.15 lastly. It is down 38.61% since September 8, 2017 and is downtrending. It has underperformed by 51.18% the S&P500.

Another recent and important Reliv' International, Inc. (NASDAQ:RELV) news was published by Globenewswire.com which published an article titled: “Reliv International Reports Second-Quarter Financial Results for 2018” on August 10, 2018.

Reliv' International, Inc. develops, makes, and markets nutritional supplements that address basic nutrition, wellness needs, weight management, and sports nutrition. The company has market cap of $9.50 million. It offers 20 nutritional supplements, primarily, including Reliv Classic and Reliv NOW, which are basic nutritional supplements containing a balanced blend of vitamins, minerals, proteins, and herbs; Innergize!, an isotonic sports supplement in two flavors; FibRestore, a fiber and antioxidant supplement; and LunaRich X, a soy concentrate with elevated levels of lunasin in capsule form. It currently has negative earnings. The firm markets and sells its products through a network of independent distributors in the United States, Australia, Austria, Canada, France, Germany, Indonesia, Ireland, Malaysia, Mexico, the Netherlands, New Zealand, the Philippines, Singapore, and the United Kingdom.

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