Services Sector Wrap

Published July 12, 2012

| FOXBusiness

The S&P 500 lost 0.5% while the Services sector (IYC) showed little movement during trading today.

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 up 1.2% over the last thirty trading days, and the S&P 500 climbed 0.4%.

Supervalu (SVU) fell 49.1% to close at $2.70, crossing its 50-day moving average of $4.84. Meanwhile, O'Reilly Automotive (ORLY) climbed 3.6% to close at $91.21, moving past its 200-day moving average of $90.69.

United Rentals (URI) rose 4% to close at $33.53, approaching its 50-day moving average of $34.20. It has also moved closer to its 200-day moving average of $36.89. Netflix (NFLX) rose 4.1% to close at $84.97, getting closer to its 200-day moving average or $88.22.

Safeway (SWY) was a major loser in the sector, falling 12.5% (-$2.25) to close at $15.73 with 27.4 million shares moving. The stock traded in a range of $15.71 to $16.84. The stock has lost momentum over the last three months, losing $5.90 (-27.3%) from $21.63 on April 16, 2012.

Zillow (Z) was a significant gainer in the sector, rising 6.4%. The stock closed at $41.27 with 530,266 shares moving. The stock traded in a range of $37.75 to $41.50.

American Campus Communities (ACC) hit a new 52-week high today, reaching $46.33 to top the previous high of $45.89.

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