Published July 17, 2012
The Transportation sector (IYT) held steady during a trading day that saw the S&P 500 grow 0.7%.
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, IYT was up 0.1% over the last seven trading days while the S&P 500 was up 1.7%.
DHT Holdings (DHT) rose 1145.7% to close at $7.60, cross its 50-day moving average of 64 cents and 200-day moving average of 83 cents. Werner (WERN) declined 3.4% to close at $22.98, moving below its 50-day moving average of $23.79 and 200-day moving average of $24.24.
Universal Truckload Services (UACL) rose 1.3% to close at $13.68, approaching its 50-day moving average of $13.91. It has also moved closer to its 200-day moving average of $15.08. Costamare (JBHT) fell 2.9% to close at $13.68, moving closer to its 50-day moving average of $13.57. Also, the stock moved closer to its 200-day moving average of $53.65.
Hub Group (HUBG) was one of the sector's big losers, as its price dropped 7.8% (-$2.70) to close at $31.73. 940,296 shares of the stock moved. The stock traded between $31.45 and $33.11. The stock has fallen over the last three months, dropping $3.70 (-10.4%) from $35.43 on April 19, 2012.
Increasing 5.1% (+21 cents) to close at $4.33, Gol Linhas Aereas Inteligentes (GOL) was a major gainer in the sector. Today, 2.4 million shares traded hands. The stock traded in a range of $4.14 to $4.33. The stock has lost momentum over the last three months, losing $1.18 (-21.4%) from $5.51 on April 19, 2012.