Energy Stocks Moving to the Downside This Morning

Through the early part of trading on Monday, August 22, 2011, these stocks are bringing down 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.

Chesapeake Energy Corporation (NYSE:CHK) is among the price losers in the sector today as its stock price is $29.13, down 17 cents (-0.6%) from a previous close of $29.31. Chesapeake Energy Corp. is a company that explores and develops properties for the production of crude oil and natural gas from underground reservoirs.

Stock Price Performance: During July 22, 2011 to August 19, 2011, the stock price had dropped $5.08 (-14.8%) from $34.39 to $29.31. The stock price saw one of its best stretches over the last year between January 4, 2011 and January 12, 2011 when shares rose for seven-straight days, rising 6.4% (+$1.66) over that span. It saw one of its worst periods between May 10, 2011 and May 17, 2011 when shares fell for six-straight days, falling 8% (-$2.52) over that span.

Peabody Energy Corporation (NYSE:BTU) is among the price losers in the sector today. Its shares are trading at $42.68, which is 23 cents (-0.5%) below the previous close of $42.91. Peabody Energy Corporation mines steam coal for sale mainly to electric utilities and metallurgical coal for sale to industrial customers.

Stock Price Performance: During July 22, 2011 to August 19, 2011, the stock price had dropped $18.37 (-30%) from $61.28 to $42.91. 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 5.7% (+$3.33) over that span. It saw one of its worst periods between July 29, 2011 and August 8, 2011 when shares fell for seven-straight days, falling 26.9% (-$15.42) over that span.

Shares of Holly Corporation (NYSE:HOC) are trading at $63.85, down $2.91 (-4.4%) from a previous close of $66.76. Holly Corp is mainly an independent petroleum refiner which produces high value light products such as gasoline, diesel fuel and jet fuel.

Stock Price Performance: During May 4, 2011 to June 30, 2011, the stock price had risen $17.30 (33.2%) from $52.10 to $69.40. The stock price saw one of its best stretches over the last year between January 25, 2011 and February 8, 2011 when shares rose for 11-straight days, rising 30.7% (+$12.98) over that span. It saw one of its worst periods between April 5, 2011 and April 12, 2011 when shares fell for six-straight days, falling 10.6% (-$6.86) over that span.

Cimarex Energy Co. (NYSE:XEC) is among the price losers in the sector today as its stock price is $60.78, down 95 cents (-1.3%) from a previous close of $61.58. Cimarex Energy Co. is an independent oil and gas exploration and production company with operations entirely located in the United States.

Stock Price Performance: During July 22, 2011 to August 19, 2011, the stock price had dropped $31.04 (-33.5%) from $92.62 to $61.58. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 6, 2011 when shares rose for eight-straight days, rising 8.4% (+$7.03) over that span. It saw one of its worst periods between July 26, 2011 and August 8, 2011 when shares fell for 10-straight days, falling 30.5% (-$27.85) over that span.

SM Energy Company (NYSE:SM) is among the price losers in the sector today. Its shares are trading at $69.42, which is 77 cents (-1.1%) below the previous close of $70.19. SM Energy Company is an independent energy company focused on the exploration, exploitation, development, acquisition, and production of natural gas and crude oil in the United States.

Stock Price Performance: During August 15, 2011 to August 19, 2011, the stock price had dropped $9.99 (-12.5%) from $80.18 to $70.19. The stock price saw one of its best stretches over the last year between November 2, 2010 and November 11, 2010 when shares rose for eight-straight days, rising 18.3% (+$7.73) over that span. It saw one of its worst periods between May 9, 2011 and May 17, 2011 when shares fell for seven-straight days, falling 8.1% (-$5.50) over that span.