The intraday price for Targacept has moved above its 200 period 30 minute moving average of 4.7. TRGT is near 4.73 bucks now. The general trend in TRGT has been down recently.

Presently, it is below the near-term support price of $4.89.

Other stocks to watch – these are correlated with Targacept:

University Health In (UVHI) with a correlation of 97.76%

Hungarian Forint {Dec 09} (WHZ09) with a correlation of 95.65%

Ing Global Advantage Premium Opportunity Fund (XIGAX) with a correlation of 94.26%

(XJOKO2) with a correlation of 94.31%

Utils Hldrs (XUH) with a correlation of 94.2%