DivX develops multimedia & graphics software and services designed for media applications. DivX principally offers video compression-decompression (codec) software libraries for creation and playback of video software applications. After hitting an all-time high of $31.89 about 9 months ago, stock price has more than halved in value; depreciating around 127%. Current price action has broken above $14 which has served as both support and resistance over the last 3 months; in that period, RSI remained bounded below a reading of 50. The breakout has also coincided with a break above the 50-day moving average. Entrance into a long position with a stop-loss on close below $14 may serve as low-risk trade.
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