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Texas Industries Inc. Breaks Below 200-Day Moving Average - Bearish for TXI

By Market News Video Staff, Monday, May 16, 11:40 AM ET
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In trading on Monday, shares of Texas Industries Inc. (NYSE:TXI) crossed below their 200 day moving average of $38.38, changing hands as low as $38.18 per share. Texas Industries Inc. shares are currently trading off about 0.4% on the day. The chart below shows the one year performance of TXI shares, versus its 200 day moving average:

Texas Industries Inc. 200 Day Moving Average Chart

Looking at the chart above, TXI's low point in its 52 week range is $27.28 per share, with $47.42 as the 52 week high point — that compares with a last trade of $38.63.

According to the ETF Finder at ETF Channel, TXI makes up 4.44% of the S&P SmallCap Materials Portfolio ETF (NASDAQ:PSCM) which is trading lower by about 2.7% on the day Monday.

     See what other ETFs contain TXI »
     See what other stocks are held by PSCM »

TXI operates in the Construction Materials & Machinery sector, among companies like Owens Corning (NYSE:OC) which is down about 1.4% today, and Cemex S.A.B. de C.V. (NYSE:CX) trading up by about 0.9%. Below is a three month price history chart comparing the stock performance of TXI, versus OC and CX.

TXI,OC,CX Relative Performance Chart


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