"RSI, on a scale of 0-100, indicates that the overbought position is at 70 and the oversold position is at 30. Some traders have found that the RSI works best when it's compared to short-term moving-average (MA) crossovers. Using a 10-day MA with a 25-day MA, you may find that the crossovers indicating a shift in direction will occur very close to the times when the RSI is either in the 30/70 or 20/80 range; the times when it is showing either distinct overbought or oversold readings. Simply put, the RSI, sooner than almost anything else, indicates an upcoming reversal of a trend, either up or down."
Bullish crossover of 10 and 25 day MA occurred today. Tomorrow we should bounce back IMO.
I am sure we will see a bounce as well - The move down wasnt on heavy volume, just normal volume. A few algorithms selling some shares - unfortunately thats what happens when there is less liquidity.
We should see a spike back to the 11.40 range tomorrow.
Perhaps the MMs bumping the price down, but why? Earnings should be another booster