Bullish Moving Average Cross by Dolby Laboratories (DLB)
Dolby Laboratories (NYSE:DLB) shares have crossed bullishly above their 10-day moving average of $30.10 on a volume of 371K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Dolby Laboratories share prices have moved between a 52-week high of $45.83 and a 52-week low of $28.66 and are now trading 6% above that low price at $30.42 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.8% while the 200-day MA has slid 0.5%.
SmarTrend recommended that its subscribers protect gains by selling shares of Dolby Laboratories on December 19th, 2012 by issuing a Downtrend alert when the shares were trading at $31.49. Since that call, shares of Dolby Laboratories have fallen 5.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses dolby laboratories