Traders are Buying These Basic Materials Stocks This Afternoon

Through most of the trading day on Monday, September 12, 2011, these stocks are helping the Basic Materials (NYSE:XLB) 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.

Monsanto Company (NYSE:MON) is among the sector price gainers, as its shares are trading at $65.48, up 20 cents (+0.7%) from the previous close of $65.01. Monsanto Co. provides agricultural products, including seeds, biotechnology trait products, and herbicides, that provide farmers with solutions that improve productivity and reduce costs.

Stock Price Performance: From July 14, 2011, to September 9, 2011, the stock price had fallen $9.44 (-12.7%) from $74.45 to $65.01. The stock price saw one of its best stretches over the last year between December 15, 2010 and December 30, 2010 when shares rose for 11 straight trading days, rising 15.2% (+$9.09). It saw one of its worst periods between September 14, 2010 and September 23, 2010 when shares fell for eight straight trading days, falling 7.4% (-$4.19).

Lubrizol Corporation (NYSE:LZ) is among the top price gainers in the sector. Its shares are trading at $134.67, up one cent (+0%) from the previous close of $134.66. Lubrizol Corporation is an innovative specialty chemical company, which produces and supplies technologies that improve the quality and performance of its customers’ products in the global transportation, industrial and consumer markets.

Stock Price Performance: From June 15, 2011, to September 9, 2011, the stock price had risen 84 cents (0.6%) from $133.82 to $134.66. The stock price saw one of its best stretches over the last year between January 6, 2011 and January 14, 2011 when shares rose for seven straight trading days, rising 4.1% (+$4.15). It saw one of its worst periods between December 27, 2010 and January 6, 2011 when shares fell for nine straight trading days, falling 5.9% (-$6.30).

 

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