The three-year chart illustrates the selling pressure that gripped the shares from late May of 2013 when they breached support at $9.50. The MACD and the RSI generated sell signals in April following the death cross that surfaced in March. These three patterns in concert led to a substantial loss in capital for investors who failed to acknowledge that it was time to hit the silk.
The momentum indicators generated buy signals in December of 2013 as the shares caught a lift to $9.00 where they met resistance in May of 2014. The next event for the stock will be the release of second-quarter results scheduled for July 21, 2014.