Record low, but this drop has run unusually long

At 17.98 dollars, the current price matches the lowest point recorded in the past 365 days, a level this item has never reached before. That's a 75% drop from the 72.97 dollar typical price, and it sits well below the more realistic achievable low of 61.25 dollars, which was hit seven times over the year.

This particular drop has now lasted 67 days, far longer than the 9-day median duration of the three similar dips seen this year. The price still moves frequently though, changing roughly every two days on average, so how long this level holds is uncertain.

Since this is the lowest price on record and the dip has already outlasted its usual pattern, waiting longer offers little upside. Buying now, ahead of a likely rebound toward the 61.25 dollar range or higher, looks like the strongest opportunity seen so far.