Published August 21, 2012
During trading today, both the Capital Goods sector (XLI) and the S&P500 showed little movement.
The ETF, as a proxy for the sector, tracked closer to the overall market today than over the past month. As trading began today, XLI was up 5.8% over the last thirty trading days, and the S&P 500 climbed 4.9%.
Nordson Corporation (NDSN) was a major gainer in the sector, rising 11% (+$6.07) to close at $61.07 with 2.3 million shares moving. The stock traded in a range of $59.15 to $62.44. Over the last two months, shares have shown some positive movement as the price has climbed $10.64 (21.1%) from a price of $50.43 on June 22, 2012.
Granite Construction (GVA) was a major loser in the sector, falling 5% (-$1.39) to close at $26.68 with 477,321 shares moving. The stock traded between $26.64 and $28.09. Over the last three months, the stock has gained $3.54 (15.3%) from a price of $23.14 on May 24, 2012.
Martin Marietta Materials (MLM) declined 1.6% to close at $76.62, moving below its 50-day moving average of $77.81 and 200-day moving average of $78.15.
CRH (CRH) rose 1.6% to close at $18.23, approaching its 50-day moving average of $18.55. It has also moved closer to its 200-day moving average of $18.99. Winnebago Industries (UTX) fell 4% to close at $10.71, moving closer to its 50-day moving average of $10.52. Also, the stock moved closer to its 200-day moving average of $77.30.