I think it was just an overreaction to that other bank in NM being seized. That and I bet a ton of stop loss orders were triggered by the MMs to clean up everthing down here prior to the run above $1+ IMO.
It is nice to see the buying continue though, and I believe we will heading higher as the earnings CC next Monday gets closer.
My post is only my opinion, I recommend you always do your own DD! I am not a licensed broker or a professional by any means, so take what I say as entertainment value at best.