During trading today, the S&P 500 dropped 1.6%, and the Capital Goods sector (XLI) showed little change.
China Technology Development Group (CTDC) was a major gainer in the sector, rising 15.8% (+12 cents) to close at 88 cents with 17,003 shares moving. The stock traded in a range of 80 cents to 88 cents. BTU International (BTUI) also gained today, climbing 18 cents (+6.3%) to close at $3.04.
Manitowoc Company (MTW) was one of the sector's big losers, as its price dropped 10.2% (-$1.46) to close at $12.88. 8.4 million shares of the stock moved. The stock traded in a range of $12.81 to $14.07. The stock has fallen over the last three months, dropping $2.96 (-18.7%) from $15.84 on February 7, 2012.
Gulf Island Fabrication (GIFI) fell 5.8% to close at $26.36, crossing its 50-day moving average of $27.80. Meanwhile, MasTec (MTZ) climbed 6.4% to close at $17.75, moving past its 200-day moving average of $17.74.
Westinghouse Solar (WEST) rose 1% to close at 51 cents, approaching its 50-day moving average of 55 cents. It has also moved closer to its 200-day moving average of 61 cents. The Timken Company (DE) fell 4.7% to close at $53.45, moving closer to its 50-day moving average of $52.36. Also, the stock moved closer to its 200-day moving average of $80.11.