Bullish Moving Average Cross by Dolby Laboratories (DLB)
Dolby Laboratories (NYSE:DLB) crossed over its 10-day moving average of $42.98 on a volume of 904K 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.
In the past 52 weeks, Dolby Laboratories share prices have been bracketed by a low of $29.87 and a high of $47.47 and are now at $46.58, 56% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.8%.
SmarTrend recommended that subscribers consider buying shares of Dolby Laboratories on January 28th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $35.03. Since that recommendation, shares of Dolby Laboratories have risen 21.3%. We continue to monitor DLB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses dolby laboratories