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Tickers in this Article: ZNH, ASR, PAC, CEA, AAWW, UHAL, ALK
The market has been slipping so far today. The Nasdaq has decreased 1%; the S&P 500 has slipped 0.5%; and the Dow is down 0.3%. The transportation sector is a category of stocks relating to the transportation of goods or customers. It is made up of airlines, railroads and trucking companies. The performance of the transportation sector is sensitive to the price of oil. Because operations revolve around the use of vehicles, fuel prices represent a significant cost to transportation companies. As the price of oil rises, transportation companies will be expected to earn less. Inversely, these companies do well when the cost of fuel decreases.

Despite a bad day for the market overall so far, the Transportation sector (IYT) is up 0.2% and its biggest movers are currently:
CompanyMarket CapPercentage Change
China Southern Airlines Limited (NYSE:ZNH)$4.51 billion+3.5%
Grupo Aeroportuario del Sureste (NYSE:ASR)$2.79 billion-2.5%
Grupo Aeroportuario del Pacifico (NYSE:PAC)$2.39 billion+2.3%
China Eastern Airlines Corp. Ltd (NYSE:CEA)$3.63 billion+1.6%
Atlas Air Worldwide Holdings (Nasdaq:AAWW)$1.4 billion-1.5%
AMERCO (Nasdaq:UHAL)$2.15 billion-1.4%
Alaska Air Group (NYSE:ALK)$2.57 billion+1.2%
Forex Broker Summary: Forex Capital Markets (FXCM)

Rising 3.5%, China Southern Airlines Limited (NYSE:ZNH) is currently trading at $23.76 per share. At 4,956 shares, the company's volume so far today is 0.3 times the average daily volume. Volume is an important indicator in technical analysis as it is used to measure the worth of a market move. If the markets have made a strong price move either up or down the perceived strength of that move depends on the volume for that period. The higher the volume during that price move the more significant the move.

Falling 2.5%, Grupo Aeroportuario del Sureste (NYSE:ASR) is currently at a share price of $90.77. So far today, the company's volume is 53,586 shares. Volume is also used as a secondary indicator to help confirm what the price movement is suggesting.

Grupo Aeroportuario del Pacifico (NYSE:PAC) is at $43.52 per share after an increase of 2.3%. The company's volume is currently 68,927 shares for the day, 0.7 times the current three-month average. Volume is also used as a secondary indicator to help confirm what the price movement is suggesting.

China Eastern Airlines Corp. Ltd (NYSE:CEA) is currently trading at $16.33 per share, a 1.6% increase. The company's volume is currently 3,163 shares. This is on pace to fall short of yesterday's volume of 15,296 shares. If a stock price moves on high volume, this means that the change is a significant one.

At $52.19, Atlas Air Worldwide Holdings (Nasdaq:AAWW) has slipped 1.5%. So far today, the company's volume is 31,128 shares, 0.1 times the average daily volume. As a stock moves up or down, it is important to pay attention to the trading volume. This indicates the level of interest: the higher the volume, the more the interest.

AMERCO (Nasdaq:UHAL) has fallen 1.4% and is currently trading at $107.86 per share. The company's volume for the day so far is 19,205 shares. Price change alone is not enough to know how a stock is doing. Volume is an important secondary indicator used to confirm trends suggested by price movement.

After an increase of 1.2%, Alaska Air Group (NYSE:ALK) has reached a current price of $36.97. So far today, the company's volume is 279,819 shares, 0.4 times its current three-month average. Volume indicates the level of interest that investors have in a company at its current price.

The Bottom Line The nature of the market is such that stocks will have good days and bad days. Paying close attention to the previous ratios will help you identify key times to adjust your strategy. Keep in mind that all these ratios should be compared against historical numbers and industry information in order to get a more complete picture.

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