Services Sector Wrap

Published August 06, 2012

| FOXBusiness

On a trading day that saw the S&P 500 gain 0.2%, the Services sector (IYC) showed little change.

Although it went in the opposite direction of the market today, the ETF tracked closer to the overall market today than over the past month. Entering today's trading, IYC was up 1.3% over the last thirty trading days while the S&P 500 was up 3%.

Best Buy (BBY) was a major gainer in the sector, rising 13.3% (+$2.35) to close at $19.99 with 49.6 million shares moving. The stock traded in a range of $19.10 to $21.60. Shares price has risen $1.93 (10.7%) from $18.06 on July 30, 2012.

Aruba Networks (ARUN) rose 11.6% to close at $14.73, cross its 50-day moving average of $13.94 and 200-day moving average of $17.73. Winmark Corporation (WINA) declined 4.7% to close at $54.98, moving below its 50-day moving average of $55.67 and 200-day moving average of $56.35.

Liquidity Services (LQDT) rose 4.5% to close at $42.28, approaching its 50-day moving average of $45.32. It has also moved closer to its 200-day moving average of $48.08. Brinker International (RCII) fell 2% to close at $32.48, moving closer to its 50-day moving average of $31.99. Also, the stock moved closer to its 200-day moving average of $34.91.

Interpublic Group (IPG) was a major loser in the sector. Its price dropped 7.8% (-86 cents) to close at $10.11, as 14.9 million shares moved. The stock traded between $9.71 and $10.26. Over the last three months, the stock has lost $1.27 (-11.2%) from a price of $11.38 on May 9, 2012.

Five Below (FIVE) hit a new 52-week high today, reaching $31.49 to top the previous high of $30.72.

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