Mobileye Rallies After Two Quiet Sessions

Mobileye MBLY shares are trading higher by $1.70 at $42.23 in Thursday's sessions. After two days of nearly identical ranges, the issue has resolved the consolidation to the upside. After higher open, it retreated only $0.09 to $40.75 before continuation its move higher. So far, it has reached $42.80 but has backed off that high. That high coincides with a trio of highs in that area from late December and early January.