The Basic Materials sector (XLB) showed little movement while the S&P 500 gained 1% during trading today.
US Steel (X) was a significant gainer in the sector, rising 9.5%. The stock closed at $20.15 with 14.9 million shares moving. The stock traded in a range of $18.67 to $20.27. The stock has lost momentum over the last three months, losing $9.32 (-31.6%) from $29.47 on March 22, 2012. CF Industries Holdings (CF) was another big mover, climbing $9.95 (+5.8%) to a closing price of $180.86.
Keegan Resources (KGN) fell 1.7% to close at $3.44, crossing its 50-day moving average of $3.26. Meanwhile, Universal Stainless \x26 Alloy Products (USAP) climbed 7.1% to close at $41.29, moving past its 200-day moving average of $40.20.
Terra Nitrogen Company L.P (TNH) rose 7.3% to close at $198.12, approaching its 50-day moving average of $210.74. It has also moved closer to its 200-day moving average of $210.37. Fushi Copperweld (ATR) fell 1.6% to close at $6.80, moving closer to its 50-day moving average of $6.79. Also, the stock moved closer to its 200-day moving average of $52.28.
Gold Reserve (GRZ) was one of the sector's big losers, as its price dropped 3.6% (-16 cents) to close at $4.34. 224,770 shares of the stock moved. The stock traded between $4.16 and $4.50.
Stepan Company (SCL) hit a new 52-week high today, reaching $94.19 to top the previous high of $94.18.