Is Selling MOBIVITY HLDGS COR COM USD0.001 Here a Winning Strategy?

 Is Selling MOBIVITY HLDGS COR COM USD0.001 Here a Winning Strategy?

The stock of MOBIVITY HLDGS COR COM USD0.001 (OTCMKTS:MFON) reached all time low today, Nov, 11 and still has GBX 0.58 target or 12.00% below today’s GBX 0.66 share price. This indicates more downside for the GBX 21.82 million company. This technical setup was reported by Barchart.com. If the GBX 0.58 PT is reached, the company will be worth GBX 2.62M 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 last traded at $0.66 per share. It is down 4.76% since April 11, 2016 and is uptrending. It has underperformed by 1.38% the S&P500.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment