The intraday price for Envestnet Inc has moved below its 200 period 30 minute moving average of 12.44. ENV is around 12.4 bucks now. Going below the moving average deepens the negative trend.

The price is already below support of $12.65.

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

Eaton Vance Tax-Managed Global Diversified Equit (EXG) with a correlation of 100%

S&P Industrial Select (IXI) with a correlation of 100%

Permian Basin Royalty Trust (PBT) with a correlation of 100%

Sasol Ltd (SSL) with a correlation of 100%

Westwood Holdings Group Inc (WHG) with a correlation of 100%

For the math geeks and quants – the most recent Slope: -0.21 Intercept: 12.65 close: 12.4