Traders are Buying These Capital Goods Stocks Now

Through early afternoon trading on Thursday, August 11, 2011, these stocks are helping the Capital Goods (NYSE:IYJ) 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.

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) is among the top price gainers in the sector today. Its shares are trading at $31.38, up $2.37 (+8.2%) from a previous close of $29.01. Lincoln Electric Holdings, Inc. is a manufacturer & reseller of welding and cutting products. Welding products include arc welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumable electrodes and fluxes.

Stock Price Performance: During May 13, 2011 to August 9, 2011, the stock price had fallen $7.20 (-19.3%) from $37.29 to $30.09. The stock price saw one of its best stretches over the last year between January 28, 2011 and February 8, 2011 when shares rose for eight-straight days, rising 6.1% (+$2.02) over that span. It saw one of its worst periods between July 25, 2011 and August 2, 2011 when shares fell for seven-straight days, falling 13.6% (-$5.18) over that span.

Deere & Company (NYSE:DE) is one of the top price gainers today. Its stock price is $73.51, which is $5.52 (+8.1%) above the previous close of $67.99. Deere & Company provides products and services for agriculture, forestry, construction, landscaping and irrigation.

Stock Price Performance: During May 16, 2011 to August 10, 2011, the stock price had fallen $19.69 (-22.5%) from $87.68 to $67.99. The stock price saw one of its best stretches over the last year between January 4, 2011 and January 18, 2011 when shares rose for 10-straight days, rising 9.1% (+$7.51) over that span. It saw one of its worst periods between April 4, 2011 and April 12, 2011 when shares fell for seven-straight days, falling 5.8% (-$5.76) over that span.

Cummins Inc. (NYSE:CMI) is among the sector price gainers today, as its shares are trading at $91.91, up $5.66 (+6.6%) from a previous close of $86.25. Cummins, Inc. is a company engaged in the design, manufacturing and distribution of diesel and natural gas engines and related technologies. Its services to markets worldwide include electric power generation systems and engine-related component products.

Stock Price Performance: During May 13, 2011 to August 9, 2011, the stock price had fallen $18.91 (-17.2%) from $110.02 to $91.11. The stock price saw one of its best stretches over the last year between March 22, 2011 and April 1, 2011 when shares rose for nine-straight days, rising 9.4% (+$9.58) over that span. It saw one of its worst periods between August 18, 2010 and August 26, 2010 when shares fell for seven-straight days, falling 11% (-$8.92) over that span.

Shares of CARBO Ceramics Inc. (NYSE:CRR) are trading at $137.53, up $7.88 (+6.1%) from a previous close of $129.64. Carbo Ceramics, Inc. is a supplier of ceramic proppant, the provider of the world’s most popular fracture simulation software, and a provider of fracture design, engineering and consulting services.

Stock Price Performance: During July 12, 2011 to August 9, 2011, the stock price had dropped $34.09 (-20.8%) from $163.88 to $129.79. The stock price saw one of its best stretches over the last year between June 23, 2011 and July 6, 2011 when shares rose for nine-straight days, rising 15.5% (+$23) over that span. It saw one of its worst periods between July 25, 2011 and August 2, 2011 when shares fell for seven-straight days, falling 19% (-$34.14) over that span.

Nordson Corporation (NASDAQ:NDSN) is among the top price gainers in the sector today. Its shares are trading at $42.25, up $2.36 (+5.9%) from a previous close of $39.89. The Company is a manufacturer of equipment used for precision material dispensing, testing and inspection, surface preparation and curing.

Stock Price Performance: During July 13, 2011 to August 10, 2011, the stock price had dropped $15.96 (-28.6%) from $55.85 to $39.89. The stock price saw one of its best stretches over the last year between March 28, 2011 and April 6, 2011 when shares rose for eight-straight days, rising 4.6% (+$2.58) over that span. It saw one of its worst periods between July 25, 2011 and August 8, 2011 when shares fell for 11-straight days, falling 31.8% (-$17.98) over that span.

More from The Cheat Sheet