Basic Materials Sector Wrap

Markets FOXBusiness

The Basic Materials sector (XLB) showed little movement while the S&P 500 gained 0.2% during trading today.

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Although it moved in the opposite direction of the market, the ETF tracked closer to the overall market today than it has over the past week. Going into trading today, XLB was up 1.2% over the last seven trading days. The S&P 500, in comparison, was up 1.8%.

Increasing 15.2% (+$2.31) to close at $17.51, TOR Minerals Int\x27l (TORM) was a major gainer in the sector. Today, 52,424 shares traded hands. The stock traded in a range of $16.67 to $17.85.

NF Energy Saving (NFEC) was a major loser in the sector. Its price dropped 11.9% (-27 cents) to close at $2, as 242,045 shares moved. The stock traded between $1.86 and $2.35.

Omega Flex (OFLX) rose 11.7% to close at $13.51, cross its 50-day moving average of $12.89 and 200-day moving average of $13.80. Allegheny Technologies Incorporated (ATI) declined 0.7% to close at $42.30, moving below its 50-day moving average of $41.25 and 200-day moving average of $44.48.

Balchem Corporation (BCPC) rose 4% to close at $28.90, approaching its 50-day moving average of $29.01. It has also moved closer to its 200-day moving average of $34.97.

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Methanex Corporation (MEOH) hit a new 52-week high today, reaching $35.49 to top the previous high of $34.90.

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