Services Sector Wrap

Published August 22, 2012

| FOXBusiness

During trading today, both the Services sector (IYC) and the S&P500 showed little movement.

Express (EXPR) was a major loser in the sector, falling 11.1% (-$1.87) to close at $15.03 with eight million shares moving. The stock traded between $14.94 and $15.98. Over the last three months, the stock has lost $3.69 (-19.7%) from a price of $18.72 on May 25, 2012.

China Telecom Corporation (CHA) was a major gainer in the sector, rising 9.1% (+$4.68) to close at $56.24 with 814,783 shares moving. The stock traded in a range of $53.55 to $56.65. The stock has been on an upward trajectory over the last two months, rising $14.19 (33.7%) from a price of $42.05 on June 25, 2012.

Lowe's Cos (LOW) rose 3.1% to close at $27.24, cross its 50-day moving average of $26.51 and 200-day moving average of $27.88. Group one Automotive (GPI) declined 4.5% to close at $51.85, moving below its 50-day moving average of $52.07 and 200-day moving average of $52.45.

Coach (COH) rose 1.3% to close at $55.55, approaching its 50-day moving average of $56.36. It has also moved closer to its 200-day moving average of $64.86. Standard Parking Corporation (GKSR) fell 3.2% to close at $22.32, moving closer to its 50-day moving average of $21.73. Also, the stock moved closer to its 200-day moving average of $31.69.

Chico's FAS (CHS) hit a new 52-week high today, reaching $18.58 to top the previous high of $17.08.

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http://www.foxbusiness.com/markets/2012/08/22/services-sector-wrap/