The Energy sector (XLE) showed little change during trading today while the S&P 500 rose 2.5%.
The ETF, as a proxy for the sector, tracked closer to the overall market today than over the past week. Entering today's trading, XLE was up 4.6% over the last seven trading days while the S&P 500 climbed 2%.
Rosetta Resources (ROSE) was a major gainer in the sector, rising 9.9% (+$3.30) to close at $36.62 with 1.6 million shares moving. The stock traded in a range of $34.34 to $36.66. The stock has lost momentum over the last three months, losing $13.33 (-26.7%) from $49.95 on April 3, 2012.
Cimarex Energy (XEC) rose 8.7% to close at $55.12, cross its 50-day moving average of $52.98 and 200-day moving average of $64.01. Oxford Resource Partners (OXF) declined 3.2% to close at $7.74, moving below its 50-day moving average of $7.53 and 200-day moving average of $10.75.
Plains Exploration & Production Company (PXP) rose 7.3% to close at $35.18, approaching its 50-day moving average of $35.29. It has also moved closer to its 200-day moving average of $38.37. Tesoro (TSO) fell 0.4% to close at $24.96, moving down to 1.7% above its 200-day moving average of $24.54.
Patriot Coal Corporation (PCX) was a major loser in the sector. Its price dropped 5.4% (-7 cents) to close at $1.22, as 13.9 million shares moved. The stock traded in a range of $1.22 to $1.45.
IHS (IHS) hit a new 52-week high today, reaching $107.79 to top the previous high of $107.56.