Published May 17, 2012
The Energy sector (XLE) held steady on a trading day that saw S&P 500 drop 1.5%.
While being down today, the ETF, as a proxy for sector performance, tracked closer to the overall market today than over the past month. Entering today's trading, XLE was down 7% over the last thirty trading days while the S&P 500 was down 5.6%.
Mid-Con Energy Partners (MCEP) was a major loser in the sector, falling 7.1% (-$1.42) to close at $18.58 with 172,974 shares moving. The stock traded in a range of $18.30 to $20.10.
Increasing 4.6% (+14 cents) to close at $3.14, Barnwell Industries (BRN) was a major gainer in the sector. Today, 11,800 shares traded hands. The stock traded in a range of $2.98 to $3.14.
Western Refining (WNR) rose 2.8% to close at $18.63, cross its 50-day moving average of $18.56 and 200-day moving average of $17.08.
Alon USA Energy (ALJ) rose 4.6% to close at $8.39, approaching its 50-day moving average of $8.67. It has also moved closer to its 200-day moving average of $9.07. Range Resources (ISRL) fell 2.7% to close at $62.56, moving closer to its 50-day moving average of $61.74. Also, the stock moved closer to its 200-day moving average of $83.26.
Buckeye Partners L.P (BPL) hit a new 52-week low today, hitting $46.60 to fall below the previous low of $49.12.