From a technical perspective, MOBI is trending higher here back above its 50-day moving average of $2.02 with decent volume. This move is quickly pushing the stock within range of triggering a major breakout trade. That trade will hit if MOBI manages to take out its 200-day at $2.14 and then once it clears more resistance at $2.20 to $2.25 with high volume.
You should now look for long-biased trades in MOBI as long as it’s trending above $1.90 or its 50-day at $2.02 and then once it sustains a move or close above those breakout levels with volume that hits near or above 65,350 shares. If that breakout hits soon, then MOBI will set up to re-test or possibly take out its next major overhead resistance levels $2.50 to $2.65. Any high-volume move above $2.65 would then put $3 to $3.25 into focus for shares of MOBI.
It makes these moves up to $2.15-$2.25 and then always falls right back down...I'd love to see it break out some but even at it's last high of the $2.50+ range it just did an about face and headed back down to $2 again. I'll be suprised if it makes the moves you talk about but I'll be happy if you're right! It seems they need to be bought by someone to get this thing back to $4-$5 again where I'm averaged in at. Stuck in the mud right now.