Published April 11, 2012
The Services sector (IYC) showed little movement while the S&P 500 gained 0.8% during trading today.
The ETF is trading at 0.3% of its 50-day moving average and 107.4% above its 200-day moving average. The ETF, as a proxy for the sector, tracked closer to the overall market today than over the past week. Entering today's trading, IYC was down 2.2% over the last seven trading days while the S&P 500 climbed -3%.
G&K Services (GKSR) was a major loser in the sector, falling 13.2% (-$4.98) to close at $32.71 with 179,194 shares moving. The stock traded in a range of $31.66 to $32.75. The stock has been dipping recently, and shares are down $1.99 (-5.7%) from a price of $34.70 on April 3, 2012.
Increasing 7.6% (+$1.52) to close at $21.54, Healthcare Services Group (HCSG) was a major gainer in the sector. Today, 671,747 shares traded hands. The stock traded in a range of $19.99 to $21.64. Share price is up $1.19 (5.8%) from $20.35 on March 12, 2012.
Casey's General Stores (CASY) rose 3.2% to close at $54.57, cross its 50-day moving average of $53.48 and 200-day moving average of $50.84.
Destination Maternity Corporation (ITRN) fell 0.9% to close at $18.61, moving closer to its 50-day moving average of $18.34. Also, the stock moved closer to its 200-day moving average of $13.40.
Las Vegas Sands (LVS) hit a new 52-week high today, reaching $60.93 to top the previous high of $60.85.
Groupon (GRPN) hit a new 52-week low today, hitting $12.95 to fall below the previous low of $13.30.