Level 3 Communications (LVLT) goes negative by breaking below intraday moving average 2013/01/18 16:16

The intraday price for Level 3 Communications has moved below its 200 period 30 minute moving average of 23.8. LVLT is around 23.65 bucks now. Going below the moving average deepens the negative trend.

The price is already below support of $23.92.

Other stocks to watch – these have a positive correlation with Level 3 Communications:

Sun American Bancorp (SAMBW) with a correlation of 95.7%

S&P Agribusiness North America (SANA) with a correlation of 96.7%

SKH14 (SKH14) with a correlation of 95.32%

SOCIETE GENERALE ACCEPTANCE NV CALL WTS 19/12/08RBS E1 GBX400 C (SR71) with a correlation of 96.23%

S&P Global1200-Materials [Sector] (SSGM) with a correlation of 96.6%

For the math geeks and quants – the most recent Slope: -0.11 Intercept: 23.92 close: 23.65