Red Hat (RHT) Making New 52-Week Lows (Is it oversold?)

Red Hat (RHT) has been making new 52-week lows this week. Yesterday, 02013.06.05, RHT hit a new 52-week low of $45.55 before closing at $45.70. RHT 52-week high: $60.00. RHT remains a pricey stock, but I don't know why it is deserving of being in the new 52-week lows list. Yesterday, DividendChannel.com posted to Forbes.com a technical analysis titled: Oversold Conditions For Red Hat (RHT). I don't follow DividendChannel.com, but according to them RHT has a RSI of 29.7 and that implies the stock is oversold. Via DividendChannel.com: "Relative Strength Index, or RSI, measures the momentum of a stock on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30."