5 Stocks in the Services Sector That Are Selling Off The Morning of August 24th

Through the early part of trading on Wednesday, August 24, 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.

KT Corporation (NYSE:KT) is among the price losers in the sector today. Its shares are trading at $17.34, which is 36 cents (-2%) below the previous close of $17.69. KT Corporation is a telecommunications service provider in Korea and Asia.

Stock Price Performance: During July 26, 2011 to August 23, 2011, the stock price had dropped $2.12 (-10.7%) from $19.81 to $17.69. The stock price saw one of its best stretches over the last year between August 10, 2011 and August 23, 2011 when shares rose for 10-straight days, rising 14% (+$2.17) over that span. It saw one of its worst periods between August 3, 2011 and August 10, 2011 when shares fell for six-straight days, falling 21.4% (-$4.23) over that span.

American Capital Agency Corp. (NASDAQ:AGNC) is one of the sector losers in price today. Its shares are trading at $28.40, down 56 cents (-1.9%) from a previous close of $28.94. American Capital Agency Corp. is a real estate investment trust that invests exclusively in single-family residential mortgage pass-through securities and collateralized mortgage obligations on a leveraged basis.

Stock Price Performance: During August 17, 2011 to August 23, 2011, the stock price had dropped $1.02 (-3.4%) from $29.96 to $28.94. It saw one of its worst periods between April 5, 2011 and April 12, 2011 when shares fell for six-straight days, falling 3.4% (-92 cents) over that span. The stock price saw one of its best stretches over the last year between September 9, 2010 and September 20, 2010 when shares rose for eight-straight days, rising 7% (+$1.61) over that span.

Shares of CBL & Associates Properties, Inc. (NYSE:CBL) are trading at $14.33, down 34 cents (-2%) from a previous close of $14.63. CBL & Associates Properties, Inc. is a real estate investment trust, which owns, develops, acquires, leases, manages and operates regional shopping malls, open-air centers, community centers and office properties.

Stock Price Performance: During May 27, 2011 to August 23, 2011, the stock price had fallen $4.18 (-22.2%) from $18.81 to $14.63. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 7, 2011 when shares rose for nine-straight days, rising 10.4% (+$1.81) over that span. It saw one of its worst periods between July 7, 2011 and July 14, 2011 when shares fell for six-straight days, falling 5.7% (-$1.09) over that span.

Hatteras Financial Corp. (NYSE:HTS) is among the price losers in the sector today. Its shares are trading at $27.29, which is 54 cents (-2%) below the previous close of $27.83. The Company is an externally-managed mortgage REIT that invests in adjustable-rate and hybrid adjustable-rate single-family residential mortgage pass-through securities guaranteed or issued by a U.S. Government agency or U.S. Government-sponsored entity.

Stock Price Performance: During July 26, 2011 to August 23, 2011, the stock price had dropped 65 cents (-2.3%) from $28.48 to $27.83. It saw one of its worst periods between July 22, 2011 and July 29, 2011 when shares fell for six-straight days, falling 7.2% (-$2.08) over that span. The stock price saw one of its best stretches over the last year between July 14, 2011 and July 22, 2011 when shares rose for seven-straight days, rising 2.1% (+59 cents) over that span.

American Eagle Outfitters, Inc. (NYSE:AEO) is one of the sector losers in price today. Its shares are trading at $10.38, down $1.36 (-10.7%) from a previous close of $11.62. American Eagle Outfitters, Inc. is a retailer that designs, markets and sells its own brand of high quality, on-trend clothing, accessories and personal care products at affordable prices while targeting 15 to 25 year-old customers.

Stock Price Performance: During July 26, 2011 to August 23, 2011, the stock price had dropped $2.17 (-15.7%) from $13.79 to $11.62. The stock price saw one of its best stretches over the last year between November 1, 2010 and November 8, 2010 when shares rose for six-straight days, rising 5.7% (+85 cents) over that span. It saw one of its worst periods between February 16, 2011 and February 24, 2011 when shares fell for six-straight days, falling 5.3% (-83 cents) over that span.