The intraday price for Primeenergy Corp. has moved below its 200 period 30 minute moving average of 27.27. PNRG is around 26.3 bucks now. Going below the moving average deepens the negative trend.
The price is already below support of $27.68.
Other stocks to watch – these have a positive correlation with Primeenergy Corp.:
Ralcorp Holdings (RAH) with a correlation of 96.06%
S&P Equal Weight Health Care ETF (RYH) with a correlation of 94.99%
S&P 400 Stocks Above 100-Day Average (S4OH) with a correlation of 95.4%
SOCIETE GENERALE ACCEPTANCE NV put wts 15/9/06f100 e0.001 gbx5000 c (SA91) with a correlation of 94.38%
Sterling Financial Corp. (STSA) with a correlation of 93.95%
For the math geeks and quants – the most recent Slope: -0.41 Intercept: 27.68 close: 26.3