Benzinga's Top Performing Industries (ROIAK, MVG, SIRI, SLW, SSRI, AXU, IPI, KMX)

story by Benzinga
written by Craig Jones

Broadcasting - Radio industry jumped 4.22% on Friday, and in the space Radio One, Inc. (NASDAQ: ROIAK) led the gainers with an increase of 7.41%. Sirius XM Radio Inc. (NASDAQ: SIRI) spiked 5.08%, and closed at $1.50.

Silver industry also had a good trading session. It traded 3.46% higher, and Mag Silver Corp (ADR) (AMEX: MVG) was the best performer in the space. Silver Wheaton Corp. (USA) (NYSE: SLW) gained 4.36%, while Silver Standard Resources Inc. (NASDAQ: SSRI [FREE Stock Trend Analysis]) added 3.14%.

Nonmetallic mineral mining industry traded 2.53% higher today. Alexco Resource Corp. (USA) (AMEX: AXU) jumped 5.26%, and Intrepid Potash, Inc. (NYSE: IPI) gained 4.12%.

Auto dealerships did pretty well today. This industry traded 2.24% higher, led by CarMax, Inc (NYSE: KMX). KMX gained 5.12% today, and closed at $30.99.

Movie production and theaters industry dropped 2.45% today as Regal Entertainment Group (NYSE: RGC) slipped 4.46%, and closed at $13.50.

Life insurance industry lost 1.76%, and Genworth Financial (NYSE: GNW) was the worst performing stock in the space. GNW dropped 9.94%, and closed at $11.33. China Life Insurance Company Ltd. (ADR) (NYSE: LFC) dropped 3.70%, and closed at $65.77.

Medical equipment wholesale fell 1.66% in Friday's trading session. Henry Schein, Inc. (NASDAQ: HSIC) struggled today, and dropped 4.21%. It had a volume of 1.4M traded shares.

Personal computers industry dropped 1.39% on Friday as Dell Inc. (NASDAQ: DELL) and Apple Inc. (NASDAQ: AAPL [FREE Stock Trend Analysis]) traded lower. Dell (DELL) lost 1.34%, and Apple (AAPL) fell 1.40%.

Diversified electronics closed today's trading session with a decline of 1.37%. In the space, Power-One, Inc. (NASDAQ: PWER) fell 6.38%, and Electro Scientific Industries, Inc. (NASDAQ: ESIO) dropped 5.91%.

All three indexes the DJIA (DIA), S&P 500 (SPY), and Nasdaq Composite (QQQQ) finished flat for the day and traded in a narrow, sideways direction. We moved the support levels on the DJIA and S&P 500 up slightly based on the recent market action (and left the resistance levels the same-see below). For the Nasdaq support is the same and we moved the resistance level down a little (see below). Overall, the main takeaway is there has been alot of significant activity recently with little price progress. The prudent approach for stocks (based on the recent stock market direction) continues to be not to open new positions, take profits, and limit losses.