Dow Chemical and CF Industries Lead Stocks in the Basic Materials Sector Rally: DOW, CF, CLF, ATI, WLK

Through early trading on Monday, October 10, 2011, these stocks are helping the Basic Materials (NYSE:XLB) sector today. 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 sector price gainers, as its shares are trading at $26.30, up $1.54 (+6.2%) from the previous close of $24.76. Dow Chemical produces chemicals, plastic materials, agricultural, advanced materials, and other products and services, including insurance.

Stock Price Performance: From July 14, 2011, to October 7, 2011, the stock price had fallen $9.45 (-27.6%) from $34.21 to $24.76. 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% (+$2.82). 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% (-$3.07).

CF Industries Holdings Inc. (NYSE:CF) is one of the top price gainers. Its stock price is $141.73, which is $7.02 (+5.2%) above the previous close of $134.71. CF Industries Holdings is a manufacturer and distributor of nitrogen and phosphate fertilizer products, including ammonia, urea, urea ammonium nitrate solution, diammonium phosphate, and monoammonium phosphate.

Stock Price Performance: From September 9, 2011, to October 7, 2011, the stock price had dropped $45.38 (-25.2%) from $180.09 to $134.71. The stock price saw one of its best stretches over the last year between March 28, 2011 and April 5, 2011 when shares rose for seven straight trading days, rising 12.3% (+$15.70). It saw one of its worst periods between September 14, 2011 and September 23, 2011 when shares fell for eight straight trading days, falling 18.9% (-$34.03).

Shares of Cliffs Natural Resources Inc. (NYSE:CLF) are trading at $59.21, up $3.34 (+6%) from the previous close of $55.87. Cliffs Natural Resources is an international mining company that operates primarily in North America and Australia.

Stock Price Performance: From July 14, 2011, to October 7, 2011, the stock price had fallen $39.89 (-41.7%) from $95.76 to $55.87. The stock price saw one of its best stretches over the last year between June 22, 2011 and July 5, 2011 when shares rose for nine straight trading days, rising 12.6% (+$10.58). It saw one of its worst periods between September 15, 2011 and September 22, 2011 when shares fell for six straight trading days, falling 30.6% (-$24.30).

Allegheny Technologies Incorporated (NYSE:ATI) is one of the top price gainers. Its stock price is $39.11, which is $1.88 (+5.1%) above the previous close of $37.23. Allegheny Technologies 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 14, 2011, to October 7, 2011, the stock price had fallen $22.84 (-38%) from $60.07 to $37.23. 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).

Shares of Westlake Chemical Corporation (NYSE:WLK) are trading at $38.11, up $2.25 (+6.3%) from the previous close of $35.86. Westlake Chemical operates as a manufacturer and marketer of basic chemicals, vinyls, polymers and fabricated products.

Stock Price Performance: From July 14, 2011, to October 7, 2011, the stock price had fallen $14.70 (-29.1%) from $50.56 to $35.86. The stock price saw one of its best stretches over the last year between October 29, 2010 and November 8, 2010 when shares rose for seven straight trading days, rising 18.3% (+$5.82). It saw one of its worst periods between September 15, 2011 and September 23, 2011 when shares fell for seven straight trading days, falling 16.3% (-$7.10).

 

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