Capital Goods Sector Wrap

Markets FOXBusiness

While the S&P 500 grew 0.8%, the Capital Goods sector (XLI) showed little movement during trading today.

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Although it went in the opposite direction of the market today, the ETF tracked closer to the overall market today than over the past month. Entering today's trading, XLI was down 7.8% over the last thirty trading days while the S&P 500 was down 5.8%.

Fastenal (FAST) was a major loser in the sector. Its price dropped 9.8% (-$4.23) to close at $39.15, as 10.4 million shares moved. The stock traded between $38.81 and $41.96. The stock is down over the last two months, having fallen $13.83 (-26.1%) from a price of $52.98 on April 5, 2012.

Increasing 7.6% (+$1.39) to close at $19.69, Lennar Corporation (LEN.B) was a major gainer in the sector. Today, 18,546 shares traded hands. The stock traded in a range of $18.33 to $19.85. The stock has been losing steam over the last month, dropping $3.14 (-13.8%) from a price of $22.83 on May 4, 2012.

Northwest Pipe Company (NWPX) rose 6.3% to close at $20.86, cross its 50-day moving average of $20.85 and 200-day moving average of $22.23.

Cavco Industries (CVCO) rose 5.2% to close at $44.28, approaching its 50-day moving average of $45.94. It has also moved closer to its 200-day moving average of $45.02. CPI Aerostructures (CVU) fell 1.2% to close at $14.50, moving down to 1.4% above its 200-day moving average of $14.30.

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STR Holdings (STRI) hit a new 52-week low today, hitting $3.30 to fall below the previous low of $3.42.

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