2 Ag Stocks Weigh on the Basic Materials Sector Mid-Day: MON, AGU, ATI, AVY, WLK

Through most of the trading day on Friday, September 30, 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) is among the price losers in the sector as its stock price is $61.03, down $2.08 (-3.4%) from the previous close of $63.15. Monsanto manufactures agricultural products that provide farmers with solutions that improve productivity and reduce costs, including seeds and herbicides.

Stock Price Performance: From July 6, 2011, to September 29, 2011, the stock price had fallen $11.64 (-15.6%) from $74.79 to $63.15. 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 15, 2011 and September 23, 2011 when shares fell for seven straight trading days, falling 9.5% (-$6.71).

Agrium Inc. (NYSE:AGU) is among the price losers in the sector. Its shares are trading at $67.35, which is $2.98 (-4.2%) below the previous close of $70.30. Agrium is a major retail supplier of agricultural products and services in both North and South America, as well as a global producer and marketer of agricultural nutrients and industrial products.

Stock Price Performance: From July 6, 2011, to September 29, 2011, the stock price had fallen $17.44 (-19.9%) from $87.74 to $70.30. The stock price saw one of its best stretches over the last year between May 20, 2011 and May 31, 2011 when shares rose for seven straight trading days, rising 10.2% (+$8.11). It saw one of its worst periods between April 4, 2011 and April 14, 2011 when shares fell for nine straight trading days, falling 7.6% (-$7.20).

Allegheny Technologies Incorporated (NYSE:ATI) stocks are trading at $37.26. This is $1.50 (-4%) below the previous close of $38.80, making the company one of the biggest price losers in the sector today. Allegheny Technologies is a global producer of specialty metals. Through its innovative technologies, the company offers a wide range of specialty metals solutions and products, which include titanium and titanium alloys, nickel-based and superalloys, etc.

Stock Price Performance: From July 6, 2011, to September 29, 2011, the stock price had fallen $21.38 (-35.5%) from $60.18 to $38.80. The stock price saw one of its best stretches over the last year between April 18, 2011 and April 27, 2011 when shares rose for seven straight trading days, rising 10.7% (+$6.99). It saw one of its worst periods between July 21, 2011 and August 2, 2011 when shares fell for nine straight trading days, falling 19.7% (-$12.97).

Shares of Avery Dennison Corporation (NYSE:AVY) are trading at $25.57, down 88 cents (-3.4%) from the previous close of $26.48. Avery Dennison is a global manufacturer of pressure-sensitive materials, office products, and a variety of paper products. It provides businesses and consumers with identification solutions and converted products, such as tickets, tags, and labels. .

Stock Price Performance: From July 5, 2011, to September 28, 2011, the stock price had fallen $12.54 (-32.8%) from $38.23 to $25.69. The stock price saw one of its best stretches over the last year between November 30, 2010 and December 17, 2010 when shares rose for 14 straight trading days, rising 12.7% (+$4.66). It saw one of its worst periods between April 6, 2011 and April 13, 2011 when shares fell for six straight trading days, falling 3.5% (-$1.47).

Westlake Chemical Corporation (NYSE:WLK) is one of the sector losers in price. Its shares are trading at $35.10, down $1.20 (-3.3%) from the previous close of $36.30. Westlake Chemical operates as a manufacturer and marketer of basic chemicals, vinyls, polymers and fabricated products.

Stock Price Performance: From July 5, 2011, to September 28, 2011, the stock price had fallen $16.53 (-31.1%) from $53.18 to $36.65. 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 18.3% (+$5.82). It saw one of its worst periods between September 15, 2011 and September 23, 2011 when shares fell for seven straight trading days, falling 16.3% (-$7.10).