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Tuesday, January 17, 2017

Traders Talk: Today's Trade is $MBLY [+Trade Video]

Today's Trade

Upside Play: MBLY (Mobileye--$42.18; +1.34; optionable): Self-driving solutions
http://biz.yahoo.com/p/m/mblyhtml
After Hours: $42.28
EARNINGS: 02/22/2017
STATUS: MBLY surged off a lower low from mid-December, moving on strong volume and higher MACD. As MBLY put in a lower low, MACD set a higher low, showing turning momentum. It rallied and broke through the 200 day SMA, tested it early last week, then broke higher once more, gapping Friday off the 200 day. Good break higher and test, now resuming the move. As MBLY continues higher we are ready to enter the play for a run near the September peak.
VIDEO: http://investmenthouse1.com/ihmedia/f/plays/mbly/mbly.mp4
Volume: 3.202M Avg Volume: 3.296M
BUY POINT: $42.38 Volume=4.9M Target=$48.58 Stop=$40.32
POSITION: MBLY MAR 17 2017 42.00 C - (55 delta) &/or Stock



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