Northrop Grumman and 3 Capital Goods Stocks Falling Now: NOC, FAST, COL, FLS

Through most of the trading day on Friday, September 23, 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 Northrop Grumman Corporation (NYSE:NOC) are trading at $50.79, down 42 cents (-0.7%) from the previous close of $51.13. Northrop Grumman offers its global customers innovative products, services, and solutions in information and services, aerospace, electronics and shipbuilding.

Stock Price Performance: From June 28, 2011, to September 22, 2011, the stock price had fallen $16.33 (-24.2%) from $67.46 to $51.13. The stock price saw one of its best stretches over the last year between June 23, 2011 and July 1, 2011 when shares rose for seven straight trading days, rising 6.3% (+$4.12). It saw one of its worst periods between July 6, 2011 and July 18, 2011 when shares fell for nine straight trading days, falling 8% (-$5.58).

Fastenal Company (NASDAQ:FAST) is among the price losers in the sector. Its shares are trading at $34.41, which is 6 cents (-0.2%) below the previous close of $34.48. Fastenal is a wholesale retailer of industrial and construction supplies in North America.

Stock Price Performance: From August 24, 2011, to September 22, 2011, the stock price had risen $2.81 (8.9%) from $31.67 to $34.48. The stock price saw one of its best stretches over the last year between September 9, 2011 and September 20, 2011 when shares rose for eight straight trading days, rising 13.3% (+$4.31). It saw one of its worst periods between August 15, 2011 and August 19, 2011 when shares fell for five straight trading days, falling 8.9% (-$2.91).

Rockwell Collins Inc. (NYSE:COL) stocks are trading at $51.23. This is 48 cents (-0.9%) below the previous close of $51.71, making the company one of the biggest price losers in the sector today. Rockwell Collins, Inc. designs and produces communications and aviation electronics for commercial and military customers across the globe.

Stock Price Performance: From June 28, 2011, to September 22, 2011, the stock price had fallen $8.46 (-14.1%) from $60.17 to $51.71. The stock price saw one of its best stretches over the last year between January 28, 2011 and February 10, 2011 when shares rose for 10 straight trading days, rising 5.7% (+$3.59). It saw one of its worst periods between July 7, 2011 and July 18, 2011 when shares fell for eight straight trading days, falling 7.4% (-$4.63).

Flowserve Corporation (NYSE:FLS) is among the price losers in the sector. Its shares are trading at $74.49, which is 81 cents (-0.9%) below the previous close of $75.15. Flowserve develops and manufactures flow control products and systems for the world’s most critical applications.

Stock Price Performance: From June 28, 2011, to September 22, 2011, the stock price had fallen $31.23 (-29.4%) from $106.38 to $75.15. 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% (+$7.11). It saw one of its worst periods between September 15, 2011 and September 22, 2011 when shares fell for six straight trading days, falling 16.2% (-$14.48).

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