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Dolby Laborato-A Rises 6.21% on Heavy Volume: Watch For Potential Pullback

By Amy Schwartz

Dolby Laborato-A (NYSE:DLB) traded in a range yesterday that spanned from a low of $52.10 to a high of $54.82. Yesterday, the shares gained 6.2%, which took the trading range above the 3-day high of $51.44 on volume of 385,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is monitoring the recent change of momentum in Dolby Laborato-A. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Dolby Laborato-A in search of a potential trend change.

In the past 52 weeks, shares of Dolby Laborato-A have traded between a low of $44.98 and a high of $55.02 and are now at $54.58, which is 21% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.4%.

Keywords: rebounders dolby laborato-a

Ticker(s): DLB