Capital Goods Sector Wrap

Published July 16, 2012

| FOXBusiness

During trading today, both the Capital Goods sector (XLI) and the S&P500 showed little movement.

The ETF, as a proxy for the sector, tracked closer to the overall market today than over the past month. As trading began today, XLI was down 0.5% over the last thirty trading days, and the S&P 500 climbed 1.5%.

Gardner Denver (GDI) was one of the sector's big losers, as its price dropped 8.6% (-$4.56) to close at $48.22. 5.2 million shares of the stock moved. The stock traded between $45.54 and $51.62. The stock has fallen over the last three months, dropping $14.48 (-23.1%) from $62.70 on April 18, 2012.

Breeze-Eastern Corporation (BZC) was a major gainer in the sector, rising 5.7% (+41 cents) to close at $7.63 with 3,780 shares moving. The stock traded in a range of $7.63 to $7.83.

Elbit Systems (ESLT) fell 3.1% to close at $33.85, crossing its 50-day moving average of $34.20. Meanwhile, Layne Christensen Company (LAYN) climbed 0.9% to close at $21.80, moving past its 200-day moving average of $21.67.

CPI Aerostructures (CVU) rose 4.5% to close at $11.49, approaching its 50-day moving average of $12.09. It has also moved closer to its 200-day moving average of $13.81. NACCO Industries (IR) fell 5% to close at $110.84, moving closer to its 50-day moving average of $110.61. Also, the stock moved closer to its 200-day moving average of $39.18.

Texas Industries (TXI) hit a new 52-week high today, reaching $45.27 to top the previous high of $44.25.

URL

http://www.foxbusiness.com/markets/2012/07/16/capital-goods-sector-wrap/