This evening’s feature stock is trading beneath both its 50 and 200 day moving averages. Unlike many stocks that are breaking down, it is not extremely over-extended beneath its recent base.
All the typical caveats apply here. The RSI(2) is 2.5, which means that this stock has some bounce potential. However, a few days trading around or just beneath the 200 day would work off this oversold condition and still provide a great entry for a short position.