Today's ten-point plunge in the oscillator from 58.2 to 48.2 sent it to the lowest reading since Dec. 28. There is support near the 50--day line about three dimes lower and heavier support in the $26 area.
Sir, what RSI period do you use? Thanks.
I use the daily period. The stats are available on bigcharts. Today's closing reading was 57.0, up 5.6 points.
The stock has been locked in a closing trading range of $26.84 low and $27.71, a range that has now lasted for one month. I think that more time will be needed before an upside breakout is seen.