The intraday price for Zep Inc. has moved below its 200 period 30 minute moving average of 14.68. ZEP is around 14.53 bucks now. Going below the moving average deepens the negative trend.

The price is already below support of $15.01.

Other stocks to watch – these have a positive correlation with Zep Inc.:

3-Year T-Note {Dec 09} (ZEZ09) with a correlation of 94.46%

5-Year T-Note {Dec 09} (ZFZ09) with a correlation of 93.2%

New Zealand/Yen (ZJ) with a correlation of 93.43%

30-Day Fed Funds {Mar 12} (ZQH12) with a correlation of 94.15%

2-Year T-Note {Dec 09} (ZTZ09) with a correlation of 95.2%

For the math geeks and quants – the most recent Slope: -0.33 Intercept: 15.01 close: 14.53