Energy Sector Wrap

Published July 05, 2012

| FOXBusiness

The Energy sector (XLE) showed little movement on a trading day that saw S&P 500 fall 0.5%.

The ETF, as a proxy for the sector, tracked closer to the overall market today than over the past week. Going into trading today, XLE was up 4.9% over the last seven trading days while the S&P 500 went up 2.7%.

Patriot Coal Corporation (PCX) rose 22.8% to close at $2.26, crossing its 50-day moving average of $2.12. Meanwhile, CGG Veritas (CGV) dropped 6.3% to close at $25.73, moving below its 200-day moving average or $25.91.

QR Energy (QRE) rose 4.7% to close at $16.85, approaching its 50-day moving average of $16.97. It has also moved closer to its 200-day moving average of $19.50. Advantage Oil & Gas (AAV) rose 5.1% to close at $3.32, getting closer to its 200-day moving average or $3.41.

James River Coal Company (JRCC) was a significant gainer in the sector, rising 15.6%. The stock closed at $3.63 with 5.8 million shares moving. The stock traded in a range of $3.16 to $3.80.

Solazyme (SZYM) was a major loser in the sector. Its price dropped 10.4% (-$1.48) to close at $12.70, as 772,730 shares moved. The stock traded between $12.52 and $13.63. Shares have shown some positive movement over the last two months as the price has climbed $2.86 (29.1%) from a price of $9.84 on May 7, 2012.

Western Refining (WNR) hit a new 52-week high today, reaching $24.32 to top the previous high of $23.97.

URL

http://www.foxbusiness.com/markets/2012/07/05/energy-sector-wrap/