2 Stocks in the Services Sector Investors are Tossing Away
Through early afternoon trading on Thursday, August 11, 2011, these stocks are bringing down the Services (NYSE:IYC) 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.
Shares of Walgreens (NYSE:WAG) are trading at $34.17, down 52 cents (-1.6%) from a previous close of $34.72. Walgreen Co. operates retail drug store and general merchandise. It is engaged in the retail sale of prescription and non-prescription drugs and general merchandise.
Stock Price Performance: During May 16, 2011 to August 10, 2011, the stock price had fallen $10.22 (-22.7%) from $44.94 to $34.72. It saw one of its worst periods between May 27, 2011 and June 7, 2011 when shares fell for seven-straight days, falling 1.8% (-78 cents) over that span. The stock price saw one of its best stretches over the last year between May 6, 2011 and May 16, 2011 when shares rose for seven-straight days, rising 6.6% (+$2.77) over that span.
Coach, Inc. (NYSE:COH) is among the price losers in the sector today. Its shares are trading at $52.30, which is 30 cents (-0.6%) below the previous close of $52.63. Coach, Inc. is an American marketer of fine accessories and gifts, including handbags, footwear, sunwear, travel bags, business cases, jewelry, clothing, fragrance and watches.
Stock Price Performance: During July 13, 2011 to August 10, 2011, the stock price had dropped $13.29 (-20.2%) from $65.92 to $52.63. The stock price saw one of its best stretches over the last year between April 8, 2011 and April 21, 2011 when shares rose for 10-straight days, rising 13.6% (+$6.86) over that span. It saw one of its worst periods between May 27, 2011 and June 8, 2011 when shares fell for eight-straight days, falling 8% (-$5.10) over that span.