There is nothing in the chart that says imminent sell-off. It is in a holding pattern. Looks like it will next week also. The week after next, REM should start anticipating earnings and start moving north. 4th quarter earnings will be around Feb 1. Who knows, winter may start by then too.
Strike price of 40 seems to be call and put options max. pain. It is likely that REM will trade between 35 and 40 through options expiry. There is no options pressure to put REM under 35 strike.
Unless there is some news next week it looks like more of the same. There has been no guidance since Dec. 5. We could use some gulf damage update unless it is bad news.