Historically when this level is reached on the VI, the stock drops at least another 1.19%. The average drop is 10.92%. A drop beyond 10.92% is not out of the question at this point.
The current trendchannel has a bottom more than 12% from the CLOSE on December 28. My conservative move is a drop to 25.95 where the stock hit eight days in a row at the end of November.
Last time the stock was at 27.33, it dropped 11.45% over the following 11 days which also supports a pending significant drop.