2 Capital Goods Stocks Moving to the Downside: TGI, HEI

Through most of the trading day on Thursday, October 6, 2011, these stocks are bringing down the Capital Goods (NYSE:XLI) sector. Long time Wall St. Cheat Sheet readers know to watch stock prices because Technicals on the Stock Chart are Strong’ is one of the ‘T’s in our CHEAT SHEET investing framework.

Shares of Triumph Group Inc. (NYSE:TGI) are trading at $48.56, down 16 cents (-0.3%) from the previous close of $48.69. Triumph Group designs, engineers, manufactures and sells products for the aviation and aerospace industries.

Stock Price Performance: From September 28, 2011, to October 4, 2011, the stock price had dropped $4.29 (-8.4%) from $51.15 to $46.86. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 7, 2011 when shares rose for nine straight trading days, rising 7.7% (+$3.70). It saw one of its worst periods between April 6, 2011 and April 14, 2011 when shares fell for seven straight trading days, falling 7.8% (-$3.40).

HEICO Corporation (NYSE:HEI) is among the price losers in the sector. Its shares are trading at $52.60, which is 6 cents (-0%) below the previous close of $52.62. Heico Corporation, through its subsidiaries, is engaged in the design, manufacture and sale of aerospace, defense and electronics related products and services throughout the United States and internationally.

Stock Price Performance: From August 8, 2011, to October 4, 2011, the stock price had risen $6.90 (16.7%) from $41.36 to $48.26. The stock price saw one of its best stretches over the last year between November 26, 2010 and December 7, 2010 when shares rose for eight straight trading days, rising 12.5% (+$5.12). It saw one of its worst periods between December 21, 2010 and December 31, 2010 when shares fell for eight straight trading days, falling 3.8% (-$1.60).

 

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