The chart does say incredibly oversold, Stochastics are used to measure overbought/oversold with over 80 indicating overbought (heading down) and under 20 indicating oversold (due for a bounce).  

With stochs at 14,3,3 (stockcharts.com default) our fast and slow lines are at 3.22 and 5.48 respectively...however as has been proven over and over, TA for RVX is not very reliable.  Although we did break out of the recent wedge/flag/pennant pattern as indicated, but unfortunately it was to the downside.