Rio Tinto and 4 Basic Materials Stocks Investors are Buying: RIO, ALB, RKT, PKG, SLGN

At the close of trading, these stocks helped 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.

Rio Tinto plc (NYSE:RIO) was among the top price gainers in the sector. Its shares traded at $49.01, up $1.63 (+3.4%) from the previous close of $47.38. Rio Tinto is an international business involved in each stage of metal and mineral production. The company produces aluminum, copper, diamonds, coal, iron ore, uranium, gold and industrial minerals.

Stock Price Performance: From July 28, 2011, to September 23, 2011, the stock price had fallen $23.86 (-33.9%) from $70.30 to $46.44. It saw one of its worst periods between February 14, 2011 and February 24, 2011 when shares fell for eight straight trading days, falling 10.3% (-$7.64). The stock price saw one of its best stretches over the last year between June 24, 2011 and July 1, 2011 when shares rose for six straight trading days, rising 8.4% (+$5.63).

Albemarle Corporation (NYSE:ALB) was among the sector price gainers, as it closed at $44.01, up $1.57 (+3.7%) from the previous close of $42.44. Albemarle is a global developer, manufacturer, and marketer of highly engineered specialty chemicals. Its operations are managed and reported as three operating segments: Polymer Additives, Catalysts, and Fine Chemicals.

Stock Price Performance: From June 29, 2011, to September 23, 2011, the stock price had fallen $27.35 (-40.1%) from $68.27 to $40.92. The stock price saw one of its best stretches over the last year between March 22, 2011 and April 1, 2011 when shares rose for nine straight trading days, rising 8.7% (+$4.80). It saw one of its worst periods between July 25, 2011 and August 2, 2011 when shares fell for seven straight trading days, falling 8% (-$5.50).

Rock Tenn Co. (NYSE:RKT) was among the top price gainers in the sector. Its shares traded at $52.09, up $1.78 (+3.5%) from the previous close of $50.31. Rock-Tenn is a manufacturer of packaging products, recycled paperboard, containerboard, bleached paperboard and merchandising displays.

Stock Price Performance: From June 30, 2011, to September 26, 2011, the stock price had fallen $15.79 (-23.9%) from $66.10 to $50.31. The stock price saw one of its best stretches over the last year between September 12, 2011 and September 16, 2011 when shares rose for five straight trading days, rising 6% (+$3.18). It saw one of its worst periods between March 3, 2011 and March 11, 2011 when shares fell for seven straight trading days, falling 8.9% (-$6.38).

Packaging Corporation Of America (NYSE:PKG) was among the sector price gainers, as it closed at $25.48, up 85 cents (+3.5%) from the previous close of $24.63. Packaging Corporation of America is a producer of containerboard and corrugated products in the United States. It is comprised of mills and corrugated manufacturing operations.

Stock Price Performance: From June 29, 2011, to September 23, 2011, the stock price had fallen $2.72 (-10%) from $27.31 to $24.59. The stock price saw one of its best stretches over the last year between May 4, 2011 and May 12, 2011 when shares rose for seven straight trading days, rising 5.5% (+$1.51). It saw one of its worst periods between July 29, 2011 and August 8, 2011 when shares fell for seven straight trading days, falling 20.2% (-$5.35).

Silgan Holdings, Inc. (NASDAQ:SLGN) was among the top price gainers in the sector. Its shares traded at $36.63, up $1.28 (+3.6%) from the previous close of $35.35. Silgan Holdings is a manufacturer of metal and plastic consumer goods packaging products.

Stock Price Performance: From June 30, 2011, to September 26, 2011, the stock price had fallen $5.50 (-13.5%) from $40.85 to $35.35. The stock price saw one of its best stretches over the last year between June 27, 2011 and July 6, 2011 when shares rose for seven straight trading days, rising 5.1% (+$2.03). It saw one of its worst periods between April 4, 2011 and April 12, 2011 when shares fell for seven straight trading days, falling 4.6% (-$1.77).

 

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