While the S&P 500 grew 0.7%, the Energy sector (XLE) showed little movement during trading today.
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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 week. Entering today's trading, XLE was up 8.5% over the last seven trading days while the S&P 500 was up 4.1%.
Ivanhoe Energy (IVAN) was a major loser in the sector. Its price dropped 13.1% (-9 cents) to close at 63 cents, as 892,990 shares moved. The stock traded in a range of 61 cents to 70 cents.
Approach Resources (AREX) was a major gainer in the sector, rising 10.8% (+$2.79) to close at $28.58 with 565,619 shares moving. The stock traded in a range of $25.93 to $28.96. The stock has fallen over the last three months, dropping $8.98 (-23.9%) from $37.56 on April 5, 2012.
Rosetta Resources (ROSE) rose 7.8% to close at $39.32, cross its 50-day moving average of $38.21 and 200-day moving average of $44.90. Enbridge Energy Partners L.P (EEP) declined 2.7% to close at $30.14, moving below its 50-day moving average of $29.41 and 200-day moving average of $30.67.
Global Partners (GLP) fell 1.9% to close at $22.53, moving down to 1.9% above its 200-day moving average of $22.09. Clayton Williams Energy (CWEI) rose 7.3% to close at $52.55, approaching its 50-day moving average of $53.87. It has also moved closer to its 200-day moving average of $69.57.