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Barchart
Barchart
Wajeeh Khan

EXPLAINED: Should you chase the rally in mobileye stock today | Vintage Vibes

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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