Energy Stocks Investors are Buying the Afternoon of August 30th

Through most of the trading day on Tuesday, August 30, 2011, these stocks are helping the Energy (NYSE:XLE) 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.

Devon Energy Corporation (NYSE:DVN) is among the sector price gainers, as its shares are trading at $66.95, up 94 cents (+1.4%) from the previous close of $66.01. Devon Energy Corporation explores, develops and transports oil, gas, and NGLs.

Stock Price Performance: From June 3, 2011, to August 29, 2011, the stock price had fallen $16.09 (-19.6%) from $82.10 to $66.01. The stock price saw one of its best stretches over the last year between October 26, 2010 and November 8, 2010 when shares rose for 10 straight trading days, rising 10.8% (+$6.93). It saw one of its worst periods between July 22, 2011 and August 2, 2011 when shares fell for eight straight trading days, falling 10.7% (-$9).

Cenovus Energy, Inc. (NYSE:CVE) is among the top price gainers in the sector. Its shares are trading at $35.30, up 69 cents (+2%) from the previous close of $34.61. Cenovus Energy Inc operates in oil projects and natural gas and crude oil production in Alberta and Saskatchewan. It also has oil projects in Foster Creek, Christina Lake and Pelican Lake in northeast Alberta, and Weyburn in Saskatchewan.

Stock Price Performance: From August 1, 2011, to August 29, 2011, the stock price had dropped $4.07 (-10.5%) from $38.68 to $34.61. The stock price saw one of its best stretches over the last year between December 17, 2010 and December 29, 2010 when shares rose for eight straight trading days, rising 7.1% (+$2.17). It saw one of its worst periods between October 13, 2010 and October 22, 2010 when shares fell for eight straight trading days, falling 6.1% (-$1.80).

EQT Corporation (NYSE:EQT) is among the sector price gainers, as its shares are trading at $57.56, up 58 cents (+1%) from the previous close of $56.98. EQT Corporation offers energy products including natural gas, NGLs and a limited amount of crude oil and services to wholesale and retail customers in the United States.

Stock Price Performance: From August 1, 2011, to August 29, 2011, the stock price had dropped $6.75 (-10.6%) from $63.73 to $56.98. The stock price saw one of its best stretches over the last year between January 6, 2011 and January 18, 2011 when shares rose for eight straight trading days, rising 3.7% (+$1.68). It saw one of its worst periods between August 1, 2011 and August 8, 2011 when shares fell for six straight trading days, falling 24.4% (-$15.58).

Sunoco Inc. (NYSE:SUN) is one of the top price gainers. Its stock price is $37.62, which is 68 cents (+1.8%) above the previous close of $36.94. Sunoco, Inc., through its subsidiaries, is a petroleum refiner and marketer and chemicals manufacturer.

Stock Price Performance: From July 1, 2011, to August 29, 2011, the stock price had fallen $5.08 (-12.1%) from $42.02 to $36.94. The stock price saw one of its best stretches over the last year between January 20, 2011 and January 28, 2011 when shares rose for seven straight trading days, rising 7.1% (+$2.85). It saw one of its worst periods between July 21, 2011 and August 8, 2011 when shares fell for 13 straight trading days, falling 29.9% (-$12.77).

EXCO Resources, Inc. (NYSE:XCO) is among the top price gainers in the sector. Its shares are trading at $13.35, up 15 cents (+1.1%) from the previous close of $13.20. EXCO Resources, Inc. is an independent oil and natural gas company, which is engaged in the acquisition, development and exploitation of onshore North American oil and natural gas properties.

Stock Price Performance: From June 2, 2011, to August 26, 2011, the stock price had fallen $7.61 (-38%) from $20.01 to $12.40. The stock price saw one of its best stretches over the last year between March 23, 2011 and April 1, 2011 when shares rose for eight straight trading days, rising 2.6% (+52 cents). It saw one of its worst periods between May 25, 2011 and June 6, 2011 when shares fell for eight straight trading days, falling 9% (-$1.81).

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