Published July 12, 2012
The Capital Goods sector (XLI) showed little movement on a trading day that saw S&P 500 fall 0.5%.
The ETF, as a proxy for the sector, tracked closer to the overall market today than over the past month. Entering today's trading, XLI was down 2% over the last thirty trading days while the S&P 500 climbed 0.4%.
Ocean Power Technologies (OPTT) was a major loser in the sector, falling 15.8% (-56 cents) to close at $2.99 with 860,472 shares moving. The stock traded between $2.88 and $3.52.
Texas Industries (TXI) was a significant gainer in the sector, rising 14.1%. The stock closed at $43.40 with 1.5 million shares moving. The stock traded in a range of $38.33 to $44.25. Shares have been on an upward trajectory over the past month, rising $10.48 (31.8%) from a price of $32.92 on June 12, 2012.
Fastenal (FAST) rose 6.3% to close at $42.31, cross its 50-day moving average of $40.63 and 200-day moving average of $45.23.
Trinity Industries (TRN) rose 3.9% to close at $22.71, approaching its 50-day moving average of $24.12. It has also moved closer to its 200-day moving average of $28.73. TGC Industries (MMM) fell 4% to close at $9.87, moving closer to its 50-day moving average of $9.74. Also, the stock moved closer to its 200-day moving average of $86.15.
Joy Global (JOY) hit a new 52-week low today, hitting $47.69 to fall below the previous low of $48.87.