(DLB - Get Report)
develops and delivers innovative technologies, products and services at each stage of the entertainment industry, including content creation, content distribution and content playback. This stock is trading up 1.9% at $34.75 in recent trading.
Today's Volume: 1.06 million
Average Volume: 765,048
Volume % Change: 82%
From a technical perspective, DLB is moving back above its 50-day moving average of $33.24 here with above-average volume. This move has also pushed DLB above some near-term overhead resistance at $33.90. This action is also pushing DLB within range of triggering a major breakout trade. That trade will hit once DLB manages to take out $35.82 to $35.95, and then once it clears its 200-day at $37.42 with high volume.
Traders should now look for long-biased trades in DLB as long as it's trending above its 50-day at $33.24, and then once it sustains a move or close above those breakout levels with volume that hits near or above 765,048 shares. If that breakout triggers soon, then DLB will set up to re-test or possibly take out its next major overhead resistance levels at $39.18 to $41.
To see more stocks rising on unusual volume, check out the
Stocks Rising On Unusual Volume
portfolio on Stockpickr.
-- Written by Roberto Pedone in Winderemere, Fla.
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