Long Position on MBLY @ $47.50 on 5/28/2015 (Momentum)

Mobileye N.V. (MBLY) designs and develops software and related technologies for camera-based advanced driver assistance systems primarily in Israel.

It operates through two segments, Original Equipment Manufacturing and After Market.

The company offers proprietary software algorithms and EyeQ chips that perform detailed interpretations of the visual field to anticipate possible collisions with other vehicles, pedestrians, cyclists, animals, debris, and other obstacles; and detect roadway markings, such as lanes, road boundaries, barriers, and related items, as well as identify and read traffic signs and traffic lights.

It serves original equipment manufacturers, tier 1 system integrators, fleets and fleet management systems providers, insurance companies, leasing companies, and others through distributors and resellers.

Shares have formed a bullish "wedge" and higher share prices are expected for this stock.

52-Weeks Trading Range: $31.11 - $60.28

Entry Point: $47.50

Stop Loss: $45.10

Target Price: $52.25

Updates

6/17/2015 11:57:31 AM

MBLY closed at $53.91 after it exceeded our target price.

Position closed on 6/17/2015 at price of $53.91 with a 13.49% gain in 20 days.

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