It Seems MOGU Inc. (MOGU) Will Go Down. Just Reaches All-Time Low

The stock of MOGU Inc. (NYSE:MOGU) reached all time low today, May, 8 and still has $6.55 target or 8.00 % below today’s $7.12 share price. This indicates more downside for the $761.10 million company. This technical setup was reported by Barchart.com. If the $6.55 PT is reached, the company will be worth $60.89 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only.

The stock decreased 6.93% or $0.53 during the last trading session, reaching $7.12. About 92,766 shares traded or 74.22% up from the average. MOGU Inc. (NYSE:MOGU) has 0.00% since May 8, 2018 and is . It has underperformed by 4.37% the S&P500.

More notable recent MOGU Inc. (NYSE:MOGU) news were published by: Fool.com which released: “6 Things You Should Know About Mogu’s IPO – The Motley Fool” on December 13, 2018, also Fool.com with their article: “Amazon’s Twitch Clones Tencent Music’s Karaoke Platform – The Motley Fool” published on April 15, 2019, Seekingalpha.com published: “The 2018 IPO Market’s Most Active Venture Capital Firms – Seeking Alpha” on December 22, 2018. More interesting news about MOGU Inc. (NYSE:MOGU) were released by: Finance.Yahoo.com and their article: “Hedge Funds Have Never Been More Bullish On ASGN Incorporated (ASGN) – Yahoo Finance” published on April 27, 2019 as well as Nasdaq.com‘s news article titled: “A Deeper Look At 5 Recent IPOs – Nasdaq” with publication date: January 28, 2019.

MOGU Inc. operates as an online fashion and lifestyle destination in China. The company has market cap of $761.10 million. It operates a platform that enables users to discover and share latest fashion trends through its community. It currently has negative earnings. The firm offers its users accessibility to dress in style and express themselves by offering a range of fashion apparel and other lifestyle products, such as beauty products and accessories provided by third party merchants.

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