During trading today, both the Capital Goods sector (XLI) and the S&P500 showed little movement.
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Although it went in the opposite direction of the market today, the ETF tracked closer to the overall market today than over the past month. Entering today's trading, XLI was up 5.5% over the last thirty trading days while the S&P 500 was up 4%.
Income Opportunity Realty Investors (IOT) was a major gainer in the sector, rising 13.7% (+24 cents) to close at $1.99 with 8,403 shares moving. The stock traded in a range of $1.76 to $1.99. Caesarstone Sdot-Yam (CSTE) also gained today, climbing 87 cents (+8%) to close at $11.72.
Tecumseh Products Company (TECUB) was one of the sector's big losers, as its price dropped 9.5% (-57 cents) to close at $5.41. 2,770 shares of the stock moved. The stock traded between $5.41 and $6.01.
CPI Aerostructures (CVU) rose 2% to close at $11.46, cross its 50-day moving average of $11.24 and 200-day moving average of $13.34. AAR (AIR) declined 5.2% to close at $13.22, moving below its 50-day moving average of $13.47 and 200-day moving average of $15.75.
Kennametal (SYNL) fell 2.8% to close at $35.90, moving closer to its 50-day moving average of $34.92. Also, the stock moved closer to its 200-day moving average of $12.06. The L.S. Starrett Company (SCX) rose 2.3% to close at $11.86, getting closer to its 200-day moving average or $12.16.