2 Gas Stocks Climbing Upward in a Down Market
Through early trading, these stocks are helping the Energy (NYSE:XLE) sector despite Oil prices dropping over 2% on weak economic data from Europe. 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.
Holly Corporation (NYSE:HOC) is among the top price gainers in the sector. Its shares are trading at $34.08, up 7 cents (+0.2%) from the previous close of $34.01. Holly Corp is mainly an independent petroleum refiner which produces high value light products such as gasoline, diesel fuel and jet fuel.
Stock Price Performance: From May 4, 2011, to June 30, 2011, the stock price had risen $17.30 (33.2%) from $52.10 to $69.40. The stock price saw one of its best stretches over the last year between January 25, 2011 and February 8, 2011 when shares rose for 11 straight trading days, rising 30.7% (+$12.98). It saw one of its worst periods between April 5, 2011 and April 12, 2011 when shares fell for six straight trading days, falling 10.6% (-$6.86).
Sunoco Inc. (NYSE:SUN) is among the sector price gainers, as its shares are trading at $36.95, up 84 cents (+2.3%) from the previous close of $36.11. Sunoco, Inc., through its subsidiaries, is a petroleum refiner and marketer and chemicals manufacturer.
Investing Insights: Oil ETFs: The Top 10 Exchange Traded Funds for Your Oil Investing List.
Stock Price Performance: From July 8, 2011, to September 2, 2011, the stock price had fallen $6.54 (-15.3%) from $42.65 to $36.11. The stock price saw one of its best stretches over the last year between January 20, 2011 and January 28, 2011 when shares rose for seven straight trading days, rising 7.1% (+$2.85). It saw one of its worst periods between July 21, 2011 and August 8, 2011 when shares fell for 13 straight trading days, falling 29.9% (-$12.77).