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Barchart
Barchart
Wajeeh Khan

Should You Chase the Rally in Mobileye Stock Today?

Mobileye MBLY

Mobileye (MBLY) stock pushed significantly higher on April 23 after the autonomous driving tech specialist posted a strong Q1 and raised its guidance for the full year. 

As investors cheered the company’s 27% increase in revenue to $558 million on $0.12 of earnings per share (EPS), MBLY broke through its 50-day MA, signaling shifting momentum in favor of the bulls.  

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