Published May 29, 2012
The Financial sector (XLF) showed little change during trading today while the S&P 500 rose 1.2%.
The ETF, as a proxy for the sector, tracked closer to the overall market today than over the past month. As trading began today, XLF was down 8.4% over the last thirty trading days, and the S&P 500 climbed -4.8%.
iShares Dow Jones Transport. Avg. (ETF (IYT) rose 1.4% to close at $92.28, cross its 50-day moving average of $92.21 and 200-day moving average of $91.09. Hampton Roads Bankshares (HMPR) declined 49.9% to close at $1.76, moving below its 50-day moving average of $3.08 and 200-day moving average of $3.14.
China Life Insurance Company (LFC) rose 4.6% to close at $36.14, approaching its 50-day moving average of $38.20. It has also moved closer to its 200-day moving average of $39.89.
Dominion Resources Black Warrior (DOM) was one of the sector's big losers, as its price dropped 11.6% (-93 cents) to close at $7.12. 100,111 shares of the stock moved. The stock traded in a range of $7.03 to $8.51. The stock has lost momentum over the last three months, losing $3.14 (-30.6%) from $10.26 on March 1, 2012.
Direxion Daily China Bull 3x Shares ETF (YINN) was a major gainer in the sector, rising 11.4% (+$1.70) to close at $16.56 with 184,041 shares moving. The stock traded in a range of $15.69 to $16.82. Over the last three months, the stock has lost $8.45 (-33.8%) from a price of $25.01 on March 1, 2012.