The intraday price for Ultra Russell 1000 Value has moved above its 200 period 30 minute moving average of 35.91. UVG is near 36.73 bucks now. Breaking above the moving average adds to the positive trend in the price.

The price is above the trend line, which is about $34.94. Falling below that might indicate a change in trend.

Other stocks to watch – these are correlated with Ultra Russell 1000 Value:

Evergreen Strategic Muni Bd Fd Class B (VMPIX) with a correlation of 98.23%

(WBCKMA) with a correlation of 98.23%

WESQOS (WESQOS) with a correlation of 98.35%

Weitz Fds Nebraska Tax-Free Income Fund (WNTFX) with a correlation of 98.23%

XUO.TC (XUO.TC) with a correlation of 98.32%