The intraday price for Ultra Russell 2000 Value has moved above its 200 period 30 minute moving average of 30.82. UVT is near 31.27 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 $29.97. Falling below that might indicate a change in trend.

Other stocks to watch – these are correlated with Ultra Russell 2000 Value:

Vg Small-Cap Growth ETF (VBK) with a correlation of 93.09%

Valmont Industries (VMI) with a correlation of 94.03%

Vg Mid-Cap Growth ETF (VOT) with a correlation of 93.22%

DB X-TRACKERS MSCI JAPAN TRN INDEX ETF`1C` USD (XMJD) with a correlation of 94.13%

XSW (XSW) with a correlation of 95.24%