Capital Goods Stocks That Got Drop Kicked August 30th

At the close of trading on Tuesday, August 30, 2011, these stocks brought 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.

3M Company (NYSE:MMM) was among the price losers in the sector as its stock price closed at $82.07, down 3 cents (-0%) from the previous close of $82.10. 3M Co. is a global manufacturer, technology innovator and marketer of a variety of products.

Stock Price Performance: From June 30, 2011, to August 26, 2011, the stock price had fallen $14.20 (-15.1%) from $94.21 to $80.01. The stock price saw one of its best stretches over the last year between April 18, 2011 and April 28, 2011 when shares rose for eight straight trading days, rising 6.3% (+$5.70). It saw one of its worst periods between July 21, 2011 and August 2, 2011 when shares fell for nine straight trading days, falling 11% (-$10.50).

Shares of Illinois Tool Works Inc. (NYSE:ITW) closed at $46.42, down 3 cents (-0.1%) from the previous close of $46.45. Illinois Tool Works Inc. manufactures a range of industrial products and equipment for the automotive, construction, electronics, food/beverage, packaging, power system, decorative surfaces, and medical industries.

Stock Price Performance: From July 1, 2011, to August 29, 2011, the stock price had fallen $11.16 (-19.4%) from $57.61 to $46.45. 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 9.3% (+$5.01). It saw one of its worst periods between August 15, 2011 and August 19, 2011 when shares fell for five straight trading days, falling 8.7% (-$3.93).

FLIR Systems, Inc. (NASDAQ:FLIR) was one of the sector losers in price. Its shares closed at $25.34, down 22 cents (-0.9%) from the previous close of $25.56. FLIR Systems, Inc. designs and manufactures thermal imaging systems used for a variety of applications in commercial, industrial and government markets across the globe.

Stock Price Performance: From June 3, 2011, to August 29, 2011, the stock price had fallen $8.77 (-25.5%) from $34.33 to $25.56. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 1, 2011 when shares rose for six straight trading days, rising 6.8% (+$2.16). It saw one of its worst periods between July 22, 2011 and August 4, 2011 when shares fell for 10 straight trading days, falling 15.4% (-$4.43).

HEICO Corporation (NYSE:HEI) was among the price losers in the sector as its stock price closed at $54.93, down 13 cents (-0.2%) from the previous close of $55.06. The Company 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 23, 2011, to August 29, 2011, the stock price had risen $5.23 (10.5%) from $49.83 to $55.06. 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).