The intraday price for Ctc Media has moved below its 200 period 30 minute moving average of 9.55. CTCM is around 9.49 bucks now. Going below the moving average deepens the negative trend.

The price is already below support of $9.76.

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

Eaton Vance Pennsylvania Municipal Income Fund C (ECPAX) with a correlation of 98.4%

Eaton Vance Pennsylvania Municipal Income Fund C (ETPAX) with a correlation of 99.3%

Eaton Vance South Carolina Municipal Income Fund (EVSCX) with a correlation of 98.41%

Fidelity Advisor International Real Estate Fund (FIRAX) with a correlation of 98.34%

Healthsouth Corp Pfd (HSRPP) with a correlation of 99.31%

For the math geeks and quants – the most recent Slope: -0.21 Intercept: 9.76 close: 9.49