During trading today, both the Capital Goods sector (XLI) and the S&P500 showed little movement.
While being down today, the ETF, as a proxy for sector performance, tracked closer to the overall market today than over the past month. Entering today's trading, XLI was down 0.7% over the last thirty trading days while the S&P 500 was down 1.2%.
Manitowoc Company (MTW) rose 277.4% to close at $48, crossing its 50-day moving average of $14.11. Meanwhile, Douglas Dynamics (PLOW) dropped 4.7% to close at $13.25, moving below its 200-day moving average or $13.74.
The Timken Company (CFX) fell 2.1% to close at $52.66, moving closer to its 50-day moving average of $52.47. Also, the stock moved closer to its 200-day moving average of $31.14. Gulf Island Fabrication (GIFI) rose 3.6% to close at $27.19, approaching its 50-day moving average of $27.61. It has also moved closer to its 200-day moving average of $28.71.
Wesco Aircraft Holdings (WAIR) was a major loser in the sector, falling 12.2% (-$1.98) to close at $14.29 with 1.9 million shares moving. The stock traded between $13 and $14.63.
Skyline Corporation (SKY) was a major gainer in the sector, rising 7% (+34 cents) to close at $5.23 with 42,719 shares moving. The stock traded in a range of $4.89 to $5.35. The stock has been on a downward trajectory over the last two months, declining $2.17 (-29.3%) from a price of $7.40 on March 9, 2012. Similarly, Argan (AGX) gained today, increasing 70 cents (+5.1%) to close at $14.55.
Ducommun Incorporated (DCO) hit a new 52-week low today, hitting $9.61 to fall below the previous low of $10.05.