- Upward momentum including 2.21% gain insufficient to breach pivotal resistance level at $66.08
Dolby Laboratories displays further gains following a recent trend of 5 days and 84 cents. Yesterday's session pointed in the same direction — bullish sentiment helped Dolby Laboratories to hammer out a noteworthy $65.36 to $66.1 range yesterday, and finally closing at $65.7 to end the session.
On a negative trend for around 2 months. Having set a significant high of $96.28 7 days ago, Dolby Laboratories is trading 1.32% lower.
A study of Dolby Laboratories's historical price actions shows Dolby Laboratories, Inc. reversed direction at $66.08 resistance zone and retreated back 38 cents below it.
Fundamental indicators – United States NY Empire State Manufacturing Index (Oct) came out at -9.1, while a consensus of analysts was expecting -4.
A look at other communication services stocks also showed bullish price action as Meta Platforms gained 5.74%, as it traded at $134.04. Netflix was up 6.57%. Alphabet was up 3.7%.
Upcoming fundamentals: tomorrow at 14:30 UTC data for United States Crude Oil Inventories will be released, with an expected decline to 1.55 million from the preceding figure of 9.88 million.