Bullish Moving Average Cross by Dolby Laboratories (DLB)
Dolby Laboratories (NYSE:DLB) crossed over its 10-day moving average of $39.79 on a volume of 204K 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.
In the past 52 weeks, shares of Dolby Laboratories have traded between a low of $31.00 and a high of $45.16 and are now at $40.05, which is 29% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has declined 0.5%.
SmarTrend is monitoring the recent change of momentum in Dolby Laboratories. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Dolby Laboratories in search of a potential trend change.
Keywords: moving crosses dolby laboratories