Published August 24, 2012
The Capital Goods sector (XLI) held steady during a trading day that saw the S&P 500 grow 0.6%.
The ETF, as a proxy for the sector, tracked closer to the overall market today than over the past week. Going into trading today, the S&P 500 was up -0.5% over the last seven trading days, but XLI was down 1.3%.
HEICO Corporation (HEI) was a major loser in the sector. Its price dropped 6.4% (-$2.41) to close at $35.48, as 311,439 shares moved. The stock traded between $35.31 and $37.64. The stock has fallen over the last three months, dropping $6.02 (-14.5%) from $41.50 on May 30, 2012.
Increasing 6% (+94 cents) to close at $16.63, Argan (AGX) was a major gainer in the sector. Today, 10,390 shares traded hands. The stock traded in a range of $15.53 to $16.64. Shares have been on on the rise over the past three months, climbing 71 cents (4.5%) from a price of $15.92 on July 26, 2012.
Vulcan Materials Company (VMC) rose 3.7% to close at $41.07, cross its 50-day moving average of $40.02 and 200-day moving average of $40.02. HEICO Corporation (NYSE:HEI.A) declined 4.1% to close at $30.27, moving below its 50-day moving average of $30.22 and 200-day moving average of $34.00.
The Toro Company (TTC) rose 1.5% to close at $38.02, approaching its 50-day moving average of $39.93. It has also moved closer to its 200-day moving average of $58.49. Standex Int\x27l (SXI) fell 2.2% to close at $42.61, moving down to 2.6% above its 200-day moving average of $41.52.
Lennar Corporation (NYSE:LEN.B) hit a new 52-week high today, reaching $26.20 to top the previous high of $26.19.