The intraday price for Agilysys has moved below its 200 period 30 minute moving average of 8.7. AGYS is around 8.66 bucks now. Going below the moving average deepens the negative trend.

The price is already below support of $8.79.

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

Lm Ericsson Telephone Company (ERIC) with a correlation of 96.25%

(FN10) with a correlation of 96.33%

Independent Bank Corp. (IBCP) with a correlation of 96.01%

Synergy Pharmaceuticals Inc. (SGYP) with a correlation of 97.14%

Skyworks Solutions (SWKS) with a correlation of 95.62%

For the math geeks and quants – the most recent Slope: -0.09 Intercept: 8.79 close: 8.66