Published July 25, 2012
During trading today, both the Capital Goods sector (XLI) and the S&P500 showed little movement.
Watsco (WSO) was one of the sector's big losers, as its price dropped 12.2% (-$9.22) to close at $66.40. 1.8 million shares of the stock moved. The stock traded between $64.13 and $70.40. Shares are down, having dropped $12.43 (-15.8%) from a price of $78.83 on July 18, 2012.
Increasing 7.8% (+$2.83) to close at $39.24, Chicago Bridge & Iron Company N.V (CBI) was a major gainer in the sector. Today, 2.9 million shares traded hands. The stock traded in a range of $37.77 to $39.92. Over the last three months, the stock has lost $6.20 (-13.6%) from a price of $45.44 on April 27, 2012.
MSC Industrial Direct (MSM) declined 1.5% to close at $66.76, moving below its 50-day moving average of $66.10 and 200-day moving average of $72.51. LMI Aerospace (LMIA) rose 4.2% to close at $18.02, cross its 50-day moving average of $17.44 and 200-day moving average of $18.11.
CPI Aerostructures (CVU) rose 4.2% to close at $11.14, approaching its 50-day moving average of $11.68. It has also moved closer to its 200-day moving average of $13.66. Meritage Homes Corporation (LII) fell 4.8% to close at $33, moving closer to its 50-day moving average of $32.30. Also, the stock moved closer to its 200-day moving average of $41.04.