After Forming Double Bottom, Is MoSys, Inc. (MOSY)’s Near-Term Analysis Negative?

December 7, 2017 - By Stephen Andrade

The chart of MoSys, Inc. (MOSY) shows a double bottom with $1.06 target or 6.00 % below today’s $1.12 share price. The 8 months chart pattern indicates high risk for the $9.06 million company. It was reported on Dec, 7 by Finviz.com. If the $1.06 price target is reached, the company will be worth $543,660 less. Double bottoms are rare but powerful chart patterns.

The stock decreased 1.48% or $0.0169 during the last trading session, reaching $1.1231. About 61,066 shares traded. MoSys, Inc. (NASDAQ:MOSY) has declined 84.57% since December 7, 2016 and is downtrending. It has underperformed by 101.27% the S&P500.

More recent MoSys, Inc. (NASDAQ:MOSY) news were published by: Globenewswire.com which released: “MoSys Regains Compliance with NASDAQ Minimum Bid Price Listing Requirement” on November 13, 2017. Also Streetinsider.com published the news titled: “Benchmark Upgrades MoSys, Inc. (MOSY) to Speculative Buy, ‘Years of Effort …” on November 15, 2017. Globenewswire.com‘s news article titled: “MoSys, Inc. Reports Third Quarter 2017 Financial Results” with publication date: November 13, 2017 was also an interesting one.

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