Services Stocks Investors are Dumping This Afternoon on Monday, August 29, 2011
Through most of the trading day on Monday, August 29, 2011, these stocks are bringing down the Services (NYSE:IYC) 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.
Home Depot, Inc. (NYSE:HD) stocks are trading at $33.96. This is 5 cents (-0.1%) below the previous close of $34, making the company one of the biggest price losers in the sector today. The Home Depot, Inc. is a home improvement retailer that sells an assortment of building materials, home improvement and lawn and garden products.
Stock Price Performance: From June 30, 2011, to August 26, 2011, the stock price had fallen $2.22 (-6.1%) from $36.22 to $34. The stock price saw one of its best stretches over the last year between February 7, 2011 and February 18, 2011 when shares rose for 10 straight trading days, rising 5.1% (+$1.85). It saw one of its worst periods between October 8, 2010 and October 19, 2010 when shares fell for eight straight trading days, falling 4.6% (-$1.45).
Chunghwa Telecom Co., Ltd. (NYSE:CHT) is among the price losers in the sector. Its shares are trading at $34.83, which is 25 cents (-0.8%) below the previous close of $35.12. Chunghwa Telecom Company, Ltd. is a telecommunications service provider in Taiwan and Asia, whose main services include: fixed line services, cellular services and Internet and data services.
Stock Price Performance: From June 2, 2011, to August 26, 2011, the stock price had risen $3.64 (11.6%) from $31.48 to $35.12. It saw one of its worst periods between December 30, 2010 and January 6, 2011 when shares fell for six straight trading days, falling 2.1% (-51 cents). The stock price saw one of its best stretches over the last year between October 27, 2010 and November 10, 2010 when shares rose for 11 straight trading days, rising 8.6% (+$1.88).