Trade Ideas: DLB

DLB was appearing with some frequency in my Trade Ideas scan. The chart looks okay - nothing spectacular (but that could be its advantage); the former rising trendline which ran from November to March was breached in favor of a sideways consolidation. There is potential for a run to the upper channel line on a MACD trigger "buy". Current bounce has worked off the 50-day MA. Point-n-figure target of $26 looks reasonable (part of a January 27th ascending triple top breakout).

Dolby Laboratories, Inc. engages in the development and delivery of products and technologies for the entertainment industry worldwide. The company operates in two segments, Products and Production Services, and Technology Licensing. The Products and Production Services segment designs, manufactures, and sells audio products for the motion picture, broadcast, music, and video game industries, as well as offers various production services that support the motion picture, broadcast, recording and video game industries. The Technology Licensing segment licenses the company’s technologies to the manufacturers of DVD players, DVD recorders, audio/video receivers, television sets, set-top boxes, video game consoles, personal audio and video players, personal computers, in-car entertainment systems, and other consumer electronics products, as well as to developers of software for personal computer software DVD players.





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