Dolby Laboratories, Inc. (NYSE: DLB)

Dolby Laboratories, Inc. provides products, services, and technologies for various stages in the content creation, distribution, and playback process in the entertainment industry worldwide. It designs and manufactures video and audio products for the film production, cinema, and television broadcast industries; and provides services to support film production, television broadcast, and music production. The company is involved in licensing technologies, such as signal processing systems for movie soundtracks, DVDs, Blu-ray discs, personal computers (PCs), digital televisions, mobile devices, video games, satellite and cable broadcasts, and online streaming; and developing technologies for mobile devices for 3D, digital cinema, post-production, and LED backlit LCD televisions. It also offers cinema processors, which are used to read, decode, and play back a film's soundtrack and calibrate the sound system in a movie theater. In addition, Dolby Laboratories, Inc. provides broadcast products to encode, transmit, and decode multiple channels of audio for DTV and HDTV program production and broadcast distribution; and professional reference monitor, a video monitor used in the production and post-production of cinematic and video content.

To analyze Dolby's stock for potential trading opportunities, please take a look at the 1-year chart of DLB (Dolby Laboratories, Inc.) below with my added notations:

DLB has been trading sideways overall since August. During that stretch, the stock has created a $30 support (blue) and a $36 resistance (navy). You can see that the $36 resistance had also been a support back in March and April. DLB currently appears to be headed back up to the $36 resistance.