Stock Investors are Dumping Chevron, Hess, Arch Coal and Diamond Offshore Today

Through most of the trading day on Tuesday, August 30, 2011, these stocks are bringing down the Energy (NYSE:XLE) 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.

Chevron Corporation (NYSE:CVX) is among the price losers in the sector as its stock price is $97.61, down $1.10 (-1.1%) from the previous close of $98.74. Chevron Corporation provides management and technology support to international subsidiaries that operate petroleum, chemicals, mining, power generation and energy services.

Stock Price Performance: From July 29, 2011, to August 26, 2011, the stock price had dropped $6.34 (-6.1%) from $103.19 to $96.85. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 5, 2011 when shares rose for seven straight trading days, rising 7.4% (+$7.16). It saw one of its worst periods between July 21, 2011 and July 29, 2011 when shares fell for seven straight trading days, falling 4.9% (-$5.37).

Hess Corporation (NYSE:HES) stocks are trading at $57.29. This is $1.14 (-2.2%) below the previous close of $58.59, making the company one of the biggest price losers in the sector today. Hess Corporation is a global integrated energy company that explores and refines crude oil and natural gas.

Stock Price Performance: From June 3, 2011, to August 29, 2011, the stock price had fallen $18.27 (-23.8%) from $76.86 to $58.59. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 5, 2011 when shares rose for seven straight trading days, rising 9.8% (+$6.74). It saw one of its worst periods between April 5, 2011 and April 18, 2011 when shares fell for 10 straight trading days, falling 10.6% (-$9.13).

Shares of Diamond Offshore Drilling Inc. (NYSE:DO) are trading at $62.97, down $1.16 (-2%) from the previous close of $64.24. Diamond Offshore Drilling, Inc. offers a range of services worldwide in various oil and gas drilling markets, including the deep water, harsh environment, conventional semisubmersible and jack-up markets.

Stock Price Performance: From June 3, 2011, to August 29, 2011, the stock price had fallen $6.47 (-9.2%) from $70.71 to $64.24. The stock price saw one of its best stretches over the last year between October 29, 2010 and November 10, 2010 when shares rose for nine straight trading days, rising 12% (+$7.67). It saw one of its worst periods between May 31, 2011 and June 8, 2011 when shares fell for seven straight trading days, falling 7.1% (-$5.14).

Arch Coal Inc (NYSE:ACI) is among the price losers in the sector as its stock price is $19.84, down 26 cents (-1.6%) from the previous close of $20.16. Arch Coal, Inc. is a coal producer in the United States, which sells coal to power plants, steel mills and industrial facilities.

Stock Price Performance: From June 2, 2011, to August 26, 2011, the stock price had fallen $8.44 (-30.8%) from $27.43 to $18.99. The stock price saw one of its best stretches over the last year between October 29, 2010 and November 8, 2010 when shares rose for seven straight trading days, rising 20.4% (+$4.97). It saw one of its worst periods between July 22, 2011 and August 4, 2011 when shares fell for 10 straight trading days, falling 25.7% (-$7.36).

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) stocks are trading at $24.20. This is 30 cents (-1.2%) below the previous close of $24.50, making the company one of the biggest price losers in the sector today. Patterson-UTI Energy, Inc. is a provider of contract services to the North American oil and natural gas industry.

Stock Price Performance: From July 1, 2011, to August 29, 2011, the stock price had fallen $7.47 (-23.4%) from $31.97 to $24.50. The stock price saw one of its best stretches over the last year between January 24, 2011 and February 7, 2011 when shares rose for 11 straight trading days, rising 27.9% (+$5.67). It saw one of its worst periods between July 28, 2011 and August 8, 2011 when shares fell for eight straight trading days, falling 28.5% (-$9.36).

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