During trading today, the Basic Materials sector (XLB) showed little change while the S&P 500 fell 0.4%.
Innospec (IOSP) rose 7.4% to close at $31.20, cross its 50-day moving average of $30.30 and 200-day moving average of $29.61. Scotts Miracle-Gro (SMG) declined 16.1% to close at $46.14, moving below its 50-day moving average of $52.55 and 200-day moving average of $48.82.
Preformed Line Products Company (PLPC) rose 3.4% to close at $57.85, approaching its 50-day moving average of $61.00. It has also moved closer to its 200-day moving average of $60.51.
Eldorado Gold Corporation (EGO) was one of the sector's big losers, as its price dropped 9% (-$1.15) to close at $11.67. 8.5 million shares of the stock moved. The stock traded in a range of $11.65 to $12.53. The stock has been dropping in the last two months, down $2.54 (-17.9%) from a price of $14.21 on March 9, 2012.
Increasing 8.2% (+$2.05) to close at $26.93, Sun Hydraulics Corporation (SNHY) was a major gainer in the sector. Today, 166,327 shares traded hands. The stock traded in a range of $24.92 to $27.21. The stock has lost momentum over the last three months, losing $3.42 (-11.3%) from $30.35 on February 9, 2012.
ADA-ES (ADES) hit a new 52-week high today, reaching $29.66 to top the previous high of $28.74.