Published May 11, 2012
The Capital Goods sector (XLI) held steady on a trading day that saw S&P 500 drop 0.3%.
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 3.1% over the last thirty trading days while the S&P 500 was down 2.3%.
Sodastream International (SODA) declined 1.9% to close at $35.44, moving below its 50-day moving average of $33.77 and 200-day moving average of $35.78. Manitex International (MNTX) rose 17.7% to close at $9.89, cross its 50-day moving average of $8.51 and 200-day moving average of $6.28.
MYR Group (MYRG) rose 9.5% to close at $15.86, approaching its 50-day moving average of $16.92. It has also moved closer to its 200-day moving average of $18.64. Michael Baker Corporation (AGX) fell 2.2% to close at $23.49, moving closer to its 50-day moving average of $23.18. Also, the stock moved closer to its 200-day moving average of $14.38.
SmartHeat (HEAT) was one of the sector's big losers, as its price dropped 12.9% (-81 cents) to close at $5.45. 165,502 shares of the stock moved. The stock traded between $5.32 and $6.29.
Synalloy Corporation (SYNL) was a major gainer in the sector, rising 11.6% (+$1.35) to close at $13 with 11,438 shares moving. The stock traded in a range of $11.64 to $13. Share price is up, having risen 70 cents (5.7%) from $12.30 on April 12, 2012.
Fortune Brands Home & Security (FBHS) hit a new 52-week high today, reaching $24.11 to top the previous high of $24.05.
US Silica Holdings (SLCA) hit a new 52-week low today, hitting $13.67 to fall below the previous low of $14.37.