Dolby About to Blind You with Profits

• Posted by Greg Harmon
• on February 19th, 2015

Thomas Dolby-She Blinded Me With Science by adiis

Not that Dolby, but Dolby Laboratories ($DLB) the noise reduction people. A quite little company and a stock that has traded in a range for over a year. The chart below shows part of a long diamond that has contained the stock since the start of 2014.

With a bounce off of the bottom of that range 2 weeks ago it is moving higher again. The top of the range, should it hold this trip, is at about 44. But what makes it interesting is that the price is just about to overtake some minor resistance at 40.20. A move over that could be a trigger for a long entry using it as a stop towards that 44 target.

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