Services Sector Wrap

Markets FOXBusiness

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

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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 up 1.8% over the last thirty trading days while the S&P 500 was down 1.1%.

Charming Shoppes (CHRS) rose 23.9% to close at $7.31, cross its 50-day moving average of $5.90 and 200-day moving average of $4.93.

K12 (LRN) fell 3% to close at $24.36, moving closer to its 50-day moving average of $24.05. Also, the stock moved closer to its 200-day moving average of $24.31.

Systemax (SYX) was a major loser in the sector, falling 11.3% (-$1.87) to close at $14.70 with 213,610 shares moving. The stock traded between $14.60 and $15.75. The stock has lost momentum over the last three months, losing $5.15 (-25.9%) from $19.85 on February 3, 2012.

Ascena Retail Group (ASNA) was a significant gainer in the sector, rising 10.4%. The stock closed at $21.06 with 9.9 million shares moving. The stock traded in a range of $20.56 to $21.68. Ameristar Casinos (ASCA) also gained today, climbing $1.71 (+9.5%) to close at $19.76.

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Lululemon Athletica inc (LULU) hit a new 52-week high today, reaching $79.90 to top the previous high of $77.13.

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