Newstar Financial (NEWS) goes negative by breaking below intraday moving average 2012/02/27 10:44

The intraday price for Newstar Financial has moved below its 200 period 30 minute moving average of 10.14. NEWS is around 10.05 bucks now. Going below the moving average deepens the negative trend.

The price is already below support of $10.27.

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

FTSE 350 Fixed Line Telecommunications (NMX6530) with a correlation of 97.78%

Renminbi/Euro {Jun 10} (QVM10) with a correlation of 97.54%

Rogers Energy Producers Index [Euro] (SRVA) with a correlation of 98.09%

Santander Pr 10.5 (STD-E) with a correlation of 97.85%

Wpp Plc (WPPGY) with a correlation of 97.26%

For the math geeks and quants – the most recent Slope: -0.13 Intercept: 10.27 close: 10.05