Rovi Corporation provides integrated solutions that enable the
discovery, delivery, display, and monetization of digital entertainment.
It offers content discovery solutions, including interactive program
guides; search and recommendations; cloud data services; and database of
information about television, movie, music, books, and game content.
The company also provides video display and delivery solutions
consisting of video compression-decompression technology to enable
distribution of content across the Internet and through recordable media
in either physical or streamed forms; and content protection
technologies and services, as well as advertising solutions comprising
Rovi Advertising Network and the Rovi Advertising services. In addition,
the company licenses its media content/metadata, MainConcept codecs,
and content protection technologies to entertainment companies. Its
solutions are used in the cable, satellite, consumer electronics,
entertainment, and online distribution markets worldwide.
Please take a look at the 1-year chart of ROVI (Rovi Corporation) below with my added notations:
ROVI had a rough summer and fall as the stock fell from $26 all the
way down to $16. In a market that’s been going consistently higher, ROVI
continued to break lower. A level that seems to stand out on the stock
is $20 (blue). You can see how $20 has been both support (April) and
resistance (August and October) throughout the year. Late last week the
stock broke back above $20.
The Tale of the Tape: ROVI has broken $20 and should be moving
overall higher. Traders could enter a long trade at or near $20, while a
short trade could be made on a break back below that level.
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