During trading today, both the Capital Goods sector (XLI) and the S&P500 showed little movement.
Although it went in the opposite direction of the market today, the ETF tracked closer to the overall market today than over the past week. Entering today's trading, XLI was down 0.8% over the last seven trading days while the S&P 500 was down 0.6%.
Gibraltar Industries (ROCK) was a major loser in the sector, falling 14.5% (-$2.01) to close at $11.86 with 170,030 shares moving. The stock traded in a range of $11.50 to $13.73. The stock has lost momentum over the last three months, losing $5.03 (-29.8%) from $16.89 on February 6, 2012.
Thor Industries (THO) declined 14.2% to close at $29.26, moving below its 50-day moving average of $32.33 and 200-day moving average of $29.26.
MYR Group (MYRG) rose 2.9% to close at $16.59, approaching its 50-day moving average of $17.31. It has also moved closer to its 200-day moving average of $18.82. Kadant (AGCO) fell 4.2% to close at $24.37, moving closer to its 50-day moving average of $23.74. Also, the stock moved closer to its 200-day moving average of $46.65.
Increasing 7.8% (+29 cents) to close at $4.02, Gafisa (GFA) was a major gainer in the sector. Today, 3.7 million shares traded hands. The stock traded in a range of $3.77 to $4.07. The stock is down over the last three months, having fallen $1.91 (-32.2%) from $5.93 on February 6, 2012.
DXP (DXPE) hit a new 52-week high today, reaching $49.50 to top the previous high of $47.39.