Bullish Moving Average Cross by Dolby Laboratories (DLB)
Dolby Laboratories (NYSE:DLB) shares have crossed bullishly above their 10-day moving average of $35.31 on a volume of 122K shares. Swing traders may find 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 $28.66 and a high of $37.01 and are now at $35.46, which is 24% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.3%.
SmarTrend recommended that subscribers consider buying shares of Dolby Laboratories on September 17th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $33.90. Since that recommendation, shares of Dolby Laboratories have risen 3.6%. 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