What’s Next for MOGU Inc. (MOGU) After Touching 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: Nasdaq.com which released: “Chinese fashion platform MOGU files for a $200 million US IPO – Nasdaq” on November 09, 2018, also Fool.com with their article: “Bilibili Cozies Up to Alibaba to Expand Its E-Commerce Presence – The Motley Fool” published on December 22, 2018, 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: Cnbc.com and their article: “Opening Bell, December 6, 2018 – CNBC” published on December 06, 2018 as well as Seekingalpha.com‘s news article titled: “MOGU IPO: Interesting But Quite Expensive Online Fashion Company – Seeking Alpha” with publication date: December 06, 2018.

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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