The intraday price for Abaxis has moved below its 200 period 30 minute moving average of 36.36. ABAX is around 36.05 bucks now. Going below the moving average deepens the negative trend.

The price is already below support of $37.44.

Other stocks to watch – these have a positive correlation with Abaxis:

(PMM13) with a correlation of 99.03%

PMM14 (PMM14) with a correlation of 99.03%

(PMZ12) with a correlation of 99.05%

PMZ14 (PMZ14) with a correlation of 99.03%

PMZ15 (PMZ15) with a correlation of 99.03%

For the math geeks and quants – the most recent Slope: -1.09 Intercept: 37.44 close: 36.05