The intraday price for Newfield Exploration Company has moved below its 200 period 30 minute moving average of 33.27. NFX is around 33.15 bucks now. Going below the moving average deepens the negative trend.

The price is already below support of $35.94.

Other stocks to watch – these have a positive correlation with Newfield Exploration Company:

Phlx Oil Service (OSX) with a correlation of 96.95%

Star Nutrition Inc. (STAU) with a correlation of 96.89%

Tidewater Inc. (TDW) with a correlation of 97.28%

Tensas Inc (TSAS) with a correlation of 96.98%

World Mtg Exchange (WMEG) with a correlation of 97.52%

For the math geeks and quants – the most recent Slope: -2.68 Intercept: 35.94 close: 33.15