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Look for Shares of Dolby Laborato-A to Potentially Pullback after Yesterday's 1.03% Rise

By James Quinn

Dolby Laborato-A (NYSE:DLB) traded in a range yesterday that spanned from a low of $63.08 to a high of $64.14. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $63.50 on volume of 110,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Dolby Laborato-A have traded between a low of $48.00 and a high of $74.29 and are now at $63.70, which is 33% above that low price. The 200-day and 50-day moving averages have moved 0.15% higher and 0.28% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Dolby Laborato-A and will alert subscribers who have DLB in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders dolby laborato-a

Ticker(s): DLB