Services Sector Wrap

Markets FOXBusiness

During trading today, both the Services sector (IYC) and the S&P500 showed little movement.

Continue Reading Below

Although it went in the opposite direction of the market today, the ETF tracked closer to the overall market today than over the past month. Entering today's trading, IYC was unchanged over the last thirty trading days while the S&P 500 was down 2%. The ETF is beating its 50-day moving average by 0.5% and its 200-day moving average by 7.5%.

Duckwall-ALCO Stores (DUCK) was one of the sector's big losers, as its price dropped 13.3% (-$1.24) to close at $8.11. 24,880 shares of the stock moved. The stock traded between $7.71 and $9.07.

The Chefs Warehouse (CHEF) was a significant gainer in the sector, rising 8.6%. The stock closed at $24.17 with 130,198 shares moving. The stock traded in a range of $22.07 to $24.29.

Shaw Communications (SJR) fell 5.6% to close at $19.71, crossing its 50-day moving average of $20.75. Meanwhile, TAL Education Group (XRS) climbed 3.9% to close at $11.01, moving past its 200-day moving average of $10.78.

Barrett Business Services (SLG) fell 5.7% to close at $19.39, moving closer to its 50-day moving average of $19.18. Also, the stock moved closer to its 200-day moving average of $71.43.

Continue Reading Below

Coinstar (CSTR) hit a new 52-week high today, reaching $69.74 to top the previous high of $65.

What do you think?

Click the button below to comment on this article.