Published April 12, 2012
The Consumer/Non-Cyclical sector (XLP) held steady during a trading day that saw the S&P 500 grow 1.3%.
Although it went in the opposite direction of the market today, the ETF tracked farther from the overall market today than over the past week. As trading began today, XLP was down 1.2% over the last seven trading days while the S&P 500 was down 0.8%. The ETF, as a proxy for the sector, tracked farther from the overall market today than over the past week. Entering today's trading, XLP was over the last seven trading days while the S&P 500 climbed -0.8%.
Central European Distribution (CEDC) was a significant gainer in the sector, rising 10.2%. The stock closed at $4.66 with 1.3 million shares moving. The stock traded in a range of $4.22 to $4.76. The stock has been on a downward trajectory over the last two months, sliding $1.24 (-21%) from a price of $5.90 on February 13, 2012. Alico (ALCO) was another big mover, climbing $1.53 (+7.2%) to a closing price of $22.84.
Standard Register (SR) was a major loser in the sector, falling 7.9% (-8 cents) to close at 93 cents with 277,035 shares moving. The stock traded between 92 cents and $1.03.
A.T. Cross Company (ATX) rose 3.9% to close at $11.62, cross its 50-day moving average of $11.29 and 200-day moving average of $10.91. Feihe International (ADY) declined 1.7% to close at $3.44, moving below its 50-day moving average of $3.27 and 200-day moving average of $3.76.
Industrias Bachoco S.A.B. de C.V. (IBA) rose 2.7% to close at $20.25, approaching its 50-day moving average of $20.50. It has also moved closer to its 200-day moving average of $20.63. Dr Pepper Snapple Group (DPS) fell 0.8% to close at $39.14, moving closer to its 50-day moving average of $39.02. Also, the stock moved closer to its 200-day moving average of $38.32.
Gruma S.A.B. de C.V. (GMK) hit a new 52-week high today, reaching $11.59 to top the previous high of $10.97.