S&P Midcap 400 Pure Value (RFV) goes negative by breaking below intraday moving average 2012/11/21 16:38

The intraday price for S&P Midcap 400 Pure Value has moved below its 200 period 30 minute moving average of 34.95. RFV is around 34.82 bucks now. Going below the moving average deepens the negative trend.

The price is already below support of $35.69.

Other stocks to watch – these have a positive correlation with S&P Midcap 400 Pure Value:

VelocityShares ETNs (XIV) with a correlation of 94.49%

For the math geeks and quants – the most recent Slope: -0.74 Intercept: 35.69 close: 34.82