Dreamworks Animation SKG, Inc. (NASDAQ: DWA)

DreamWorks Animation SKG, Inc. engages in the development, production, and exploitation of animated films and associated characters worldwide. It offers animated feature films and characters primarily for the theatrical, home entertainment, television, merchandising, and licensing markets. The company also provides television specials and series, live entertainment properties, online virtual worlds, and related consumer products. It has approximately 23 animated feature films, including Shrek the Third, Shrek 2, and Madagascar. The company has strategic alliances with McDonald's, Hewlett-Packard, and Intel. DreamWorks Animation SKG, Inc. was founded in 1985 and is headquartered in Glendale, California.

Please take a look at the 1-year chart of DWA (DreamWorks Animation SKG, Inc.) below with my added notations:

The trades here are pretty simple. DWA has been holding a very important level of support at $17 (blue) for almost the entire year. No matter what the market has or has not done over that period of time, DWA has not broken below that $17 support level. The stock approaching $17 should provide a bounce higher. However, if the overall market were to sell-off, DWA would most likely break that support and move lower from there.