3 Stocks in the Basic Materials Sector That Are Selling Off This Afternoon on Monday, August 29, 2011

Through most of the trading day on Monday, August 29, 2011, these stocks are bringing down the Basic Materials (NYSE:XLB) 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.

Monsanto Company (NYSE:MON) stocks are trading at $69.92. This is 95 cents (-1.1%) below the previous close of $70.68, making the company one of the biggest price losers in the sector today. Monsanto Co. provides agricultural products, including seeds, biotechnology trait products, and herbicides, that provide farmers with solutions that improve productivity and reduce costs.

Stock Price Performance: From August 22, 2011, to August 26, 2011, the stock price had risen $5.40 (8.3%) from $65.28 to $70.68. The stock price saw one of its best stretches over the last year between December 15, 2010 and December 30, 2010 when shares rose for 11 straight trading days, rising 15.2% (+$9.09). It saw one of its worst periods between September 14, 2010 and September 23, 2010 when shares fell for eight straight trading days, falling 7.4% (-$4.19).

Newmont Mining Corporation (Holding Company) (NYSE:NEM) is among the price losers in the sector as its stock price is $62.05, down 11 cents (-0.2%) from the previous close of $62.17. Newmont Mining Corp. explores and acquires gold properties and produces copper.

Stock Price Performance: From June 30, 2011, to August 26, 2011, the stock price had risen $8.20 (15.2%) from $53.97 to $62.17. The stock price saw one of its best stretches over the last year between May 13, 2011 and May 31, 2011 when shares rose for 12 straight trading days, rising 7.2% (+$3.77). It saw one of its worst periods between May 31, 2011 and June 8, 2011 when shares fell for seven straight trading days, falling 7.5% (-$4.21).

Shares of Yamana Gold Inc. (NYSE:AUY) are trading at $15.69, down 30 cents (-1.9%) from the previous close of $15.99. Yamana Gold Inc. is a gold producer with significant gold production, gold development stage properties, exploration properties and land positions in Brazil, Chile, Argentina, Mexico and Colombia.

Stock Price Performance: From June 30, 2011, to August 26, 2011, the stock price had risen $4.36 (37.5%) from $11.63 to $15.99. The stock price saw one of its best stretches over the last year between November 26, 2010 and December 6, 2010 when shares rose for seven straight trading days, rising 12.7% (+$1.42). It saw one of its worst periods between June 21, 2011 and June 27, 2011 when shares fell for five straight trading days, falling 2.9% (-34 cents).

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