Published July 30, 2012
During trading today, both the Capital Goods sector (XLI) and the S&P500 showed little movement.
While being down today, the ETF, as a proxy for sector performance, tracked farther from the overall market today than over the past month. Entering today's trading, XLI was up 4.2% over the last thirty trading days while the S&P 500 was down 4.4%.
Chicago Bridge & Iron Company N.V (CBI) was a major loser in the sector. Its price dropped 14.2% (-$5.76) to close at $34.94, as 20.2 million shares moved. The stock traded in a range of $33.86 to $36.19. The stock has lost momentum over the last three months, losing $10.56 (-23.2%) from $45.50 on May 2, 2012.
MYR Group (MYRG) was a significant gainer in the sector, rising 9.6%. The stock closed at $16.40 with 283,081 shares moving. The stock traded in a range of $14.97 to $16.47. The stock has seen some positive movement recently as shares are up $2.06 (14.4%) from a price of $14.34 on July 23, 2012.
Ocean Power Technologies (OPTT) rose 7.8% to close at $2.49, cross its 50-day moving average of $2.32 and 200-day moving average of $2.64.
Perini Corporation (TPC) rose 5.5% to close at $11.50, approaching its 50-day moving average of $11.91. It has also moved closer to its 200-day moving average of $13.53. Teledyne Technologies Incorporated (TDY) fell 3.2% to close at $61.53, moving closer to its 50-day moving average of $61.49. Also, the stock moved closer to its 200-day moving average of $60.30.
Northrop Grumman (NOC) hit a new 52-week high today, reaching $66.80 to top the previous high of $66.04.
National Presto Industries (NPK) hit a new 52-week low today, hitting $65.01 to fall below the previous low of $65.03.