During trading today, both the Capital Goods sector (XLI) and the S&P500 showed little movement.
Although it went in the opposite direction of the market today, the ETF tracked closer to the overall market today than over the past week. Going into trading today, XLI was down 1.1% over the last seven trading days. The S&P 500, meanwhile, was down 0.1%.
Patrick Industries (PATK) was a major loser in the sector, falling 7.7% (-$1.07) to close at $12.77 with 73,786 shares moving. The stock traded between $12.57 and $13.89.
General Steel Holdings (GSI) was a significant gainer in the sector, rising 7.4%. The stock closed at 73 cents with 122,912 shares moving. The stock traded in a range of 67 cents to 73 cents. Share price has been climbing, and is up 13 cents (21.7%) from a price of 60 cents on August 23, 2012.
Hurco Companies (HURC) declined 3.9% to close at $20.52, moving below its 50-day moving average of $21.02 and 200-day moving average of $22.73.
Elbit Systems (ESLT) rose 3.1% to close at $30.89, approaching its 50-day moving average of $31.88. It has also moved closer to its 200-day moving average of $34.89. Dresser-Rand Group (SODA) fell 2.6% to close at $49.26, moving closer to its 50-day moving average of $48.37. Also, the stock moved closer to its 200-day moving average of $36.77.
US Concrete (USCR) hit a new 52-week high today, reaching $6.30 to top the previous high of $6.27.