On a trading day that saw the S&P 500 gain 0.5%, the Capital Goods sector (XLI) showed little change.
Although it went in the opposite direction of the market today, the ETF tracked farther from the overall market today than over the past week. Entering today's trading, XLI was up 2% over the last seven trading days while the S&P 500 was up 1.9%.
Perini Corporation (TPC) was a major loser in the sector, falling 12.8% (-$1.45) to close at $9.92 with 1.1 million shares moving. The stock traded in a range of $9.21 to $10.71. The share price has dropped $3.03 (-23.4%) from $12.95 on July 9, 2012.
Lennox International (LII) rose 2.7% to close at $45.11, cross its 50-day moving average of $44.72 and 200-day moving average of $41.48. Fuel Tech (FTEK) declined 11.3% to close at $4.89, moving below its 50-day moving average of $4.98 and 200-day moving average of $5.10.
BE Aerospace (BEAV) rose 3.9% to close at $39.40, approaching its 50-day moving average of $41.21. It has also moved closer to its 200-day moving average of $43.16. CPI Aerostructures (STRL) fell 3.4% to close at $11.34, moving closer to its 50-day moving average of $11.33. Also, the stock moved closer to its 200-day moving average of $9.98.
Increasing 9.9% (+$1.44) to close at $15.94, John Bean Technologies Corporation (JBT) was a major gainer in the sector. Today, 196,044 shares traded hands. The stock traded in a range of $14.69 to $16.07. Shares have been on on the rise over the past month, climbing $2.38 (17.6%) from a price of $13.56 on July 9, 2012.
Flowserve (FLS) hit a new 52-week high today, reaching $128.86 to top the previous high of $125.94.