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Bullish Moving Average Cross by Dolby Laboratories (DLB)

By James Quinn

Today, shares of Dolby Laboratories (NYSE:DLB) have crossed bullishly above their 10-day moving average of $39.58 on a volume of 150K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Dolby Laboratories has traded in a range of $37.25 to $47.29 and is now at $39.71, 7% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Dolby Laboratories and will alert subscribers who have DLB in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses dolby laboratories

Ticker(s): DLB