| 
March 23, 2023
- Falling prices have precipitated Dolby Laboratories's approach to its lower Bollinger Band® at $80.28
During yesterday's session, Dolby Laboratories toiled and struggled for upward momentum before closing at $82.06. By the close, the the consumer audio electronics company suffered a $1.3 or 1.56% loss.
Dolby Laboratories, Inc.'s lower Bollinger Band® is at $80.28, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains.
Despite suffering losses in today's session, technical analysis is indicating that Dolby Laboratories will undergo a significant bounce in the immediate term.
Dolby Laboratories was not the only decliner in the communication services sector; Netflix falls 3.89% yesterday to close at $305.79. Comcast lost 2.14% yesterday and closed at $36.2. Alphabet slumps 1.53% yesterday to close at $105.84.
