Mobileye N.V. (NYSE: MBLY)
Mobileye N.V. (MBLY), a leader in providing technology for intelligent vehicles company yesterday announced a partnership with HERE another leading driving technology company.
MBLY CEO’s Comments
“High-definition mapping is a key enabler for autonomous driving. Mobileye’s REM™ technology, enabling crowd-sourced data extraction, together with the backend processing of the Roadbook™ combined with HERE HD Live Map is critical to ensure dynamic, near real-time updates”, said Professor Amnon Shashua, Chairman and CTO of Mobileye. “We are pleased to work with HERE to create a “world HD-map” standard, leveraging the combined fleet size of certain vehicle brands initially, with the objective of eventually launching an industry wide initiative.” PR Newswire
MBLY Technical Analysis
MBLY opened trading yesterday at $36.11 which was up from the previous day’s trading close of $35.02. MBLY closed trading yesterday at $38.44 and spiked up after market to $38.86, equivalent to a 10% increase from the opening price. Taking a look at the daily chart we can see that the last time MBLY traded above these levels we have to go back to November 23rd when it traded at $38.86.
aking a closer look at the daily chart we can see that before the spike up MBLY had been in an overall downward trend dating back to September 8th when it traded at $48.93. MBLY has a float of 173.64 million shares and traded 3.26 times the normal daily trading volume on Thursday. For trading purposes, I would like to see MBLY open trading on Friday above $38 and if it does I would be looking to take a long position at the bell. My stop loss would be $0.25 from my entry position fearing anything more than that and the stock would start to fill in the gap up.
Mobileye N.V., together with its subsidiaries, develops computer vision and machine learning, data analysis, and localization and mapping for advanced driver assistance systems and autonomous driving technologies primarily in Israel. It operates through two segments, Original Equipment Manufacturing and After Market. The company offers Roadbook, a localized drivable paths and visual landmarks using its proprietary REM technology through crowd sourcing; and 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.
Its products also detect roadway markings, such as lanes and road boundaries, as well as barriers and related items; and identify and read traffic signs, directional signs, and traffic lights. In addition, the company provides enhanced cruise control, pre-lighting of brake lights, and Bluetooth connectivity, as well as related smartphone application. 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. Mobileye N.V. was founded in 1999 and is headquartered in Jerusalem, Israel. Yahoo Finance