Published August 08, 2012
The Capital Goods sector (XLI) held steady during a trading day that saw the S&P 500 grow 0.1%.
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 up 5.4% over the last thirty trading days. The S&P 500, in comparison, went up 4.7%.
Tecumseh Products Company (TECUB) was a major gainer in the sector, rising 12.7% (+69 cents) to close at $6.11 with 6,163 shares moving. The stock traded in a range of $5.58 to $6.28.
Manitex International (MNTX) was a major loser in the sector, falling 11.6% (-$1.04) to close at $7.90 with 361,370 shares moving. The stock traded in a range of $7.75 to $9.48. The stock has fallen over the last three months, dropping $1.99 (-20.1%) from $9.89 on May 11, 2012.
AAON (AAON) rose 5.1% to close at $19.75, cross its 50-day moving average of $19.17 and 200-day moving average of $19.53. Elbit Systems (ESLT) declined 2% to close at $32.80, moving below its 50-day moving average of $33.27 and 200-day moving average of $35.90.
AeroVironment (AVAV) rose 2% to close at $24.15, approaching its 50-day moving average of $24.19. It has also moved closer to its 200-day moving average of $25.55. Primoris Services (PRIM) rose 4% to close at $13.63, getting closer to its 200-day moving average or $13.64.