Energy Stocks Traders are Buying This Morning

Through early trading on Friday, September 9, 2011, these stocks are helping the Energy (NYSE:XLE) 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.

Seadrill Limited (NYSE:SDRL) is among the sector price gainers, as its shares are trading at $31.45, up 7 cents (+0.5%) from the previous close of $31.29. Seadrill Limited, an offshore drilling contractor, provides drilling and well services to the oil and gas industries worldwide. The company also offers platform drilling, well intervention, and engineering services.

Stock Price Performance: From August 10, 2011, to September 8, 2011, the stock price had risen $4.01 (14.7%) from $27.28 to $31.29. It saw one of its worst periods between July 26, 2011 and August 2, 2011 when shares fell for six straight trading days, falling 6.8% (-$2.37). 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 8.4% (+$2.71).

Peabody Energy Corporation (NYSE:BTU) is among the top price gainers in the sector. Its shares are trading at $48.13, up 45 cents (+1%) from the previous close of $47.67. Peabody Energy Corporation mines steam coal for sale mainly to electric utilities and metallurgical coal for sale to industrial customers.

Stock Price Performance: From July 13, 2011, to September 8, 2011, the stock price had fallen $11.01 (-18.8%) from $58.68 to $47.67. The stock price saw one of its best stretches over the last year between August 22, 2011 and August 31, 2011 when shares rose for eight straight trading days, rising 17.2% (+$7.16). It saw one of its worst periods between July 29, 2011 and August 8, 2011 when shares fell for seven straight trading days, falling 26.9% (-$15.42).

Cimarex Energy Co. (NYSE:XEC) is among the sector price gainers, as its shares are trading at $67.64, up 55 cents (+0.8%) from the previous close of $67.10. Cimarex Energy Co. is an independent oil and gas exploration and production company with operations entirely located in the United States.

Stock Price Performance: From June 14, 2011, to September 8, 2011, the stock price had fallen $18.31 (-21.4%) from $85.41 to $67.10. 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 trading days, rising 8.4% (+$7.03). It saw one of its worst periods between July 26, 2011 and August 8, 2011 when shares fell for 10 straight trading days, falling 30.5% (-$27.85).

Sunoco Inc. (NYSE:SUN) is among the top price gainers in the sector. Its shares are trading at $38.38, up 82 cents (+2.2%) from the previous close of $37.56. Sunoco, Inc., through its subsidiaries, is a petroleum refiner and marketer and chemicals manufacturer.

Stock Price Performance: From August 10, 2011, to September 8, 2011, the stock price had risen $6.50 (20.9%) from $31.06 to $37.56. 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).

Arch Coal Inc (NYSE:ACI) is among the sector price gainers, as its shares are trading at $19.90, up 14 cents (+0.5%) from the previous close of $19.80. Arch Coal, Inc. is a coal producer in the United States, which sells coal to power plants, steel mills and industrial facilities.

Stock Price Performance: From June 14, 2011, to September 8, 2011, the stock price had fallen $6.24 (-24%) from $26.04 to $19.80. 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 20.4% (+$4.94). It saw one of its worst periods between July 22, 2011 and August 4, 2011 when shares fell for 10 straight trading days, falling 25.7% (-$7.32).