Dolby Laboratories Has Returned 46.9% Since SmarTrend Recommendation (DLB)
SmarTrend identified an Uptrend for Dolby Laboratories (NYSE:DLB) on January 28th, 2016 at $35.03. In approximately 9 months, Dolby Laboratories has returned 46.92% as of today's recent price of $51.46.
Dolby Laboratories share prices have moved between a 52-week high of $55.02 and a 52-week low of $29.87 and are now trading 72% above that low price at $51.46 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.4%.
Dolby Laboratories Inc. develops audio signal processing systems for the motion picture, broadcasting, and music recording industries, as well as the consumer market.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Dolby Laboratories shares.
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