Bull markets love “new merchandise.”

These are newer stocks that investors are still excited about. 

Many of them haven’t experienced a proper bull market yet—and that’s a good thing.

There are fewer “bag-holders” standing in the way…

And far less overhead supply to slice through.

That brings me to our new Trade of the Week: Mobileye (MBLY). 

Mobileye is one of today’s most exciting new stocks, and it’s a world leader in self-driving vehicle technology.

MBLY went public back in October 2022 and performed well out of the gate. It rallied more than 80% during its first four months as a publicly traded company. 

Since then, MBLY has done nothing. It’s been trading in a sideways consolidation pattern.

However, I believe MBLY is about to wake up from its multi-month hibernation and enter its first true bull market run. And that makes today a perfect time to get involved. 

I suggest buying a starter position in MBLY today. I believe it can hit $100 within the next 18 months.

It’s also worth mentioning that MBLY has a short interest of 19%. So, this trade has “short-squeeze” potential, which can deliver big gains in a hurry. 

Exit your position if MBLY closes below $39. That gives us a risk-reward ratio of 13:1 on this trade.

Action to take: Buy MBLY at current market prices.

Risk management: Exit your position if MBLY closes below $39.

Justin SpittlerChief Trader, RiskHedge