Financial Sector Wrap

Published July 19, 2012

| FOXBusiness

The Financial sector (XLF) held steady during a trading day that saw the S&P 500 grow 0.3%.

Farmers Capital Bank (FFKT) was a significant gainer in the sector, rising 15.4%. The stock closed at $7.55 with 40,323 shares moving. The stock traded in a range of $6.71 to $8.15.

Whiting USA Trust I (WHX) was one of the sector's big losers, as its price dropped 14.9% (-$1.60) to close at $9.11. 2.3 million shares of the stock moved. The stock traded between $8.81 and $10.26.

Texas Pacific Land (TPL) rose 1.8% to close at $56.84, crossing its 50-day moving average of $56.70. Meanwhile, TCF Financial Corporation (TCB) dropped 9.8% to close at $10.30, moving below its 200-day moving average or $11.22.

World Acceptance (CNS) fell 6% to close at $68.99, moving closer to its 50-day moving average of $67.87. Also, the stock moved closer to its 200-day moving average of $32.73. Direxion Daily China Bull 3x Shares ETF (YINN) rose 6.4% to close at $13.96, approaching its 50-day moving average of $14.81. It has also moved closer to its 200-day moving average of $19.11.

URL

http://www.foxbusiness.com/markets/2012/07/19/financial-sector-wrap/