Published July 25, 2012
During trading today, both the Utilities sector (XLU) and the S&P500 showed little movement.
The ETF, as a proxy for the sector, tracked closer to the overall market today than over the past week. Going into trading today, XLU was down 1.2% over the last seven trading days while the S&P 500 went up -2.5%.
EDENOR (EDN) was a major gainer in the sector, rising 8.1% (+21 cents) to close at $2.81 with 1,850 shares moving. The stock traded in a range of $2.60 to $2.85.
Crestwood Midstream Partners (CMLP) was a major loser in the sector. Its price dropped 5.9% (-$1.60) to close at $25.40, as 2.5 million shares moved. The stock traded in a range of $25.40 to $25.80. The stock has been sinking recently, and shares are down $3.21 (-11.2%) from a price of $28.61 on July 18, 2012.
Unitil Corporation (UTL) declined 2.3% to close at $26.71, moving below its 50-day moving average of $26.93 and 200-day moving average of $26.83. Pampa Energia (PAM) rose 4.3% to close at $4.35, crossing its 50-day moving average of $4.24.
DCP Midstream Partners (ETE) fell 2.3% to close at $41.37, moving closer to its 50-day moving average of $40.85. Also, the stock moved closer to its 200-day moving average of $40.22. Atlantic Power (AT) rose 1.3% to close at $13.55, getting closer to its 200-day moving average or $13.81.
TransAlta Corporation (TAC) hit a new 52-week low today, hitting $15.25 to fall below the previous low of $15.74.