Dow Chemical, Alcoa and 3 Basic Materials Stocks Heading South: DOW, AA, AGU, EMN, ATI

Through most of the trading day on Thursday, September 22, 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.

Dow Chemical Co. (NYSE:DOW) is among the price losers in the sector as its stock price is $23.62, down $2.03 (-7.5%) from the previous close of $25.54. The Dow Chemical Company produces chemicals, plastic materials, agricultural, advanced materials and other products and services, including insurance.

Stock Price Performance: From July 25, 2011, to September 20, 2011, the stock price had fallen $8.72 (-24.2%) from $35.99 to $27.27. The stock price saw one of its best stretches over the last year between January 28, 2011 and February 8, 2011 when shares rose for eight straight trading days, rising 8.2% (+$2.85). It saw one of its worst periods between March 8, 2011 and March 16, 2011 when shares fell for seven straight trading days, falling 8.2% (-$3.10).

Agrium Inc. (NYSE:AGU) is among the price losers in the sector. Its shares are trading at $73.39, which is $5.88 (-7.1%) below the previous close of $79.03. Agrium Inc. is a major retail supplier of agricultural products and services in both North and South America and a global producer and marketer of agricultural nutrients and industrial products.

Stock Price Performance: From July 25, 2011, to September 20, 2011, the stock price had fallen $10.03 (-10.9%) from $92.40 to $82.37. 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).

Alcoa, Inc. (NYSE:AA) is one of the sector losers in price. Its shares are trading at $10.13, down 77 cents (-6.6%) from the previous close of $10.84. Alcoa is a global producer of aluminum. It is mainly engaged in the production and management of primary aluminum, fabricated aluminum, and alumina combined. It is actively involved in a range of industries, including technology, mining, smelting, and recycling.

Stock Price Performance: From July 25, 2011, to September 20, 2011, the stock price had fallen $4.37 (-28%) from $15.62 to $11.25. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 5, 2011 when shares rose for seven straight trading days, rising 7.6% (+$1.16). It saw one of its worst periods between July 22, 2011 and July 29, 2011 when shares fell for six straight trading days, falling 7% (-$1.10).

Eastman Chemical Co. (NYSE:EMN) is among the price losers in the sector as its stock price is $65.61, down $5.41 (-7.6%) from the previous close of $71.02. Eastman Chemical Co. is a global company which manufactures and sells chemicals, plastics, and fibers products to customers in seven countries.

Stock Price Performance: From July 26, 2011, to September 21, 2011, the stock price had fallen $32.38 (-31.3%) from $103.40 to $71.02. The stock price saw one of its best stretches over the last year between April 18, 2011 and April 29, 2011 when shares rose for nine straight trading days, rising 9.6% (+$9.27). It saw one of its worst periods between July 21, 2011 and July 29, 2011 when shares fell for seven straight trading days, falling 7.5% (-$7.83).

Allegheny Technologies Incorporated (NYSE:ATI) is one of the sector losers in price. Its shares are trading at $38.67, down $3.75 (-8.8%) from the previous close of $42.40. Allegheny Technologies Inc. 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 26, 2011, to September 21, 2011, the stock price had fallen $21.28 (-33.4%) from $63.68 to $42.40. 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).