Retail Stocks Investors are Buying This Afternoon

Through most of the trading day, these stocks are helping the Retail (NYSE:XRT) 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.

Best Buy Co. (NYSE:BBY) is among the sector price gainers, as its shares are trading at $24.46, up 26 cents (+1.1%) from the previous close of $24.20. Best Buy is a retailer that sells appliances, consumer electronics, home office products and software.

Stock Price Performance: From July 13, 2011, to September 8, 2011, the stock price had fallen $7.05 (-22.6%) from $31.25 to $24.20. The stock price saw one of its best stretches over the last year between September 9, 2010 and September 20, 2010 when shares rose for eight straight trading days, rising 14.2% (+$4.68). It saw one of its worst periods between July 26, 2011 and August 2, 2011 when shares fell for six straight trading days, falling 9.6% (-$2.87).

BJ’s Wholesale Club, Inc. (NYSE:BJ) is among the top price gainers in the sector. Its shares are trading at $50.95, up 4 cents (+0.1%) from the previous close of $50.91. BJ’s Wholesale Club, Inc. is a warehouse club operator in the Eastern United States.

Stock Price Performance: From June 14, 2011, to September 8, 2011, the stock price had risen $1.98 (4%) from $48.93 to $50.91. The stock price saw one of its best stretches over the last year between September 9, 2010 and September 22, 2010 when shares rose for 10 straight trading days, rising 5.8% (+$2.37). It saw one of its worst periods between March 2, 2011 and March 10, 2011 when shares fell for seven straight trading days, falling 2.5% (-$1.22).

 

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