Published June 07, 2012
The Services sector (IYC) held steady during a trading day that saw the S&P 500 grow 0.1%.
As a proxy for the sector, the ETF tracked closer to the overall market today than over the past month. As trading began today, IYC was down 1.8% over the last thirty trading days, and the S&P 500 climbed -3.3%.
Charm Communications (CHRM) was a significant gainer in the sector, rising 14.9%. The stock closed at $7.40 with 16,460 shares moving. The stock traded in a range of $5.49 to $8.
Booz Allen Hamilton Holding Corporation (BAH) fell 7.9% to close at $15.56, crossing its 50-day moving average of $16.08. Meanwhile, TravelCenters of America (TA) climbed 14.7% to close at $5.47, moving past its 200-day moving average of $5.15.
The Corporate Executive Board Company (EXBD) rose 3.8% to close at $37.88, approaching its 50-day moving average of $38.61. It has also moved closer to its 200-day moving average of $39.11. AutoZone (TSCO) fell 1.1% to close at $383.88, moving closer to its 50-day moving average of $380.56. Also, the stock moved closer to its 200-day moving average of $85.81.
Lululemon Athletica inc (LULU) was one of the sector's big losers, as its price dropped 8.8% (-$6.18) to close at $63.84. 18.6 million shares of the stock moved. The stock traded in a range of $63.05 to $65.39. The share price has dropped $11.09 (-14.8%) from $74.93 on May 8, 2012.
TW Telecom (TWTC) hit a new 52-week high today, reaching $24.21 to top the previous high of $23.79.