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SmarTrend Watching for Potential Pullback in Shares of Dolby Laborato-A After 1.66% Gain

By Shiri Gupta

Dolby Laborato-A (NYSE:DLB) traded in a range yesterday that spanned from a low of $64.61 to a high of $65.08. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $64.82 on volume of 143,000 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 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.

In the past 52 weeks, Dolby Laborato-A share prices have been bracketed by a low of $58.17 and a high of $72.05 and are now at $64.99, 12% above that low price. The 200-day and 50-day moving averages have moved 0.03% lower and 0.05% lower over the past week, respectively.

Keywords: rebounders dolby laborato-a

Ticker(s): DLB