3 Stocks in the Basic Materials Sector Investors are Selling Today

Through early afternoon trading on Thursday, August 11, 2011, these stocks are bringing down the Basic Materials (NYSE:IYM) 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.

Yamana Gold Inc. (NYSE:AUY) is among the price losers in the sector today as its stock price is $14.63, down 26 cents (-1.6%) from a previous close of $14.87. 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: During June 13, 2011 to August 9, 2011, the stock price had risen $2.72 (23.8%) from $11.42 to $14.14. 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 days, rising 12.7% (+$1.42) over that span. It saw one of its worst periods between June 21, 2011 and June 27, 2011 when shares fell for five-straight days, falling 2.9% (-34 cents) over that span.

Shares of Royal Gold, Inc. (NASDAQ:RGLD) are trading at $68.14, down 55 cents (-0.9%) from a previous close of $68.78. Royal Gold Inc, together with its subsidiaries, is engaged in the business of acquiring and managing precious metals royalties. The Company owns royalty interests that are currently in development stage.

Stock Price Performance: During June 13, 2011 to August 9, 2011, the stock price had risen $9.13 (16.1%) from $56.56 to $65.69. The stock price saw one of its best stretches over the last year between April 12, 2011 and April 21, 2011 when shares rose for eight-straight days, rising 15% (+$7.84) over that span. It saw one of its worst periods between May 31, 2011 and June 8, 2011 when shares fell for seven-straight days, falling 5.9% (-$3.66) over that span.

Bemis Company, Inc. (NYSE:BMS) stocks are trading at $29.04. This is 18 cents (-0.7%) below the previous close of $29.24, making the company one of the biggest price losers in the sector today. Bemis Company, Inc. is a manufacturer of flexible packaging products and pressure-sensitive materials for customers worldwide.

Stock Price Performance: During July 13, 2011 to August 10, 2011, the stock price had dropped $4.72 (-13.9%) from $33.96 to $29.24. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 1, 2011 when shares rose for six-straight days, rising 6.1% (+$1.95) over that span. It saw one of its worst periods between July 21, 2011 and August 2, 2011 when shares fell for nine-straight days, falling 9.2% (-$3.13) over that span.