Published July 13, 2012
While the S&P 500 grew 1.7%, the Financial sector (XLF) showed little movement during trading today.
The ETF, as a proxy for the sector, tracked closer to the overall market today than over the past month. As trading began today, XLF was up 4.7% over the last thirty trading days, and the S&P 500 climbed 2.8%.
JPMorgan Chase (JPM) rose 6% to close at $36.07, cross its 50-day moving average of $34.70 and 200-day moving average of $37.64. San Juan Basin Royalty (SJT) declined 1.5% to close at $15.66, moving below its 50-day moving average of $14.79 and 200-day moving average of $17.76.
CME Group (CME) rose 0.9% to close at $263.16, approaching its 50-day moving average of $266.58. It has also moved closer to its 200-day moving average of $267.85. Direxion Daily China Bear 3x Shares ETF (UTG) fell 5.2% to close at $16.15, moving closer to its 50-day moving average of $16.00. Also, the stock moved closer to its 200-day moving average of $26.10.
Bank Of The Ozarks (OZRK) was a major gainer in the sector, rising 8.6% (+$2.62) to close at $33.01 with 451,338 shares moving. The stock traded in a range of $31.22 to $33.15. Shares have been on an upward trajectory over the past month, rising $4.62 (16.3%) from a price of $28.39 on June 13, 2012.
Colony Bankcorp (CBAN) was one of the sector's big losers, as its price dropped 7.2% (-36 cents) to close at $4.62. 2,000 shares of the stock moved. The stock traded between $4.62 and $5.02.