The intraday price for Immunomedics has moved below its 200 period 30 minute moving average of 3.59. IMMU is around 3.57 bucks now. Going below the moving average deepens the negative trend.

The price is already below support of $3.68.

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

JULIUS BAER TOTAL RETURN BOND F (JBGCX) with a correlation of 98%

New Media Lottery Sv (NWMD) with a correlation of 98.84%

SOCIETE GENERALE ACCEPTANCE NV CALL WTS 09/02/09(BRENT MAR 09)USD180 (SV95) with a correlation of 98%

Euro/Canadian {Sep 12} (UEU12) with a correlation of 97.86%

USD / KRW (USDKRW) with a correlation of 97.87%

For the math geeks and quants – the most recent Slope: -0.09 Intercept: 3.68 close: 3.57