Traders are Buying These Basic Materials Stocks This Morning as Nucor is Up 2.7%

Through morning trading, 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.

Nucor Corporation (NYSE:NUE) is one of the top price gainers today. Its stock price is $33.49, which is 88 cents (+2.7%) above the previous close of $32.61. Nucor Corporation and its affiliates manufacture steel and steel products for customers mainly located in North America.

Stock Price Performance: During May 27, 2011 to August 23, 2011, the stock price had fallen $9.09 (-21.8%) from $41.70 to $32.61. The stock price saw one of its best stretches over the last year between March 16, 2011 and March 25, 2011 when shares rose for eight-straight days, rising 4% (+$1.74) over that span. It saw one of its worst periods between July 22, 2011 and August 4, 2011 when shares fell for 10-straight days, falling 15% (-$6.15) over that span.

Shares of Sigma-Aldrich Corporation (NASDAQ:SIAL) are trading at $61.67, up $1.37 (+2.3%) from a previous close of $60.30. Sigma-Aldrich Corporation is a life science and high technology company that develops, manufactures, purchases and distributes a range of high quality chemicals, biochemicals and equipment.

Stock Price Performance: During July 26, 2011 to August 23, 2011, the stock price had dropped $9.85 (-14%) from $70.15 to $60.30. The stock price saw one of its best stretches over the last year between April 18, 2011 and April 27, 2011 when shares rose for seven-straight days, rising 9% (+$5.78) over that span. It saw one of its worst periods between July 25, 2011 and August 2, 2011 when shares fell for seven-straight days, falling 13.3% (-$9.80) over that span.

Valhi, Inc. (NYSE:VHI) is among the sector price gainers today, as its shares are trading at $53.43, up $2.38 (+4.3%) from a previous close of $51.21. Valhi Inc.is a holding Company, which through its subsidiaries operates in three segments: Chemicals, Component Products and Waste Management.

Stock Price Performance: During May 27, 2011 to August 23, 2011, the stock price had risen $6.67 (15%) from $44.54 to $51.21. The stock price saw one of its best stretches over the last year between March 28, 2011 and April 8, 2011 when shares rose for 10-straight days, rising 20.9% (+$5.07) over that span. It saw one of its worst periods between August 1, 2011 and August 8, 2011 when shares fell for six-straight days, falling 35.7% (-$19.93) over that span.

Ashland Inc. (NYSE:ASH) is one of the top price gainers today. Its stock price is $49.59, which is $1.21 (+2.5%) above the previous close of $48.38. Ashland Inc. is a global specialty chemicals company that provides products, services and solutions that meet customer needs throughout a variety of industries.

Stock Price Performance: During July 26, 2011 to August 23, 2011, the stock price had dropped $15.60 (-24.4%) from $63.98 to $48.38. The stock price saw one of its best stretches over the last year between March 30, 2011 and April 6, 2011 when shares rose for six-straight days, rising 4.6% (+$2.65) over that span. It saw one of its worst periods between August 15, 2011 and August 22, 2011 when shares fell for six-straight days, falling 14.8% (-$8.03) over that span.

Temple-Inland Inc. (NYSE:TIN) is among the top price gainers in the sector today. Its shares are trading at $22.40, up $1.07 (+5%) from a previous close of $21.33. Temple-Inland, Inc. operations its business through two segments: corrugated packaging and building products. It manufactures containerboard (linerboard and corrugating medium) and convert it into a complete line of corrugated packaging.

Stock Price Performance: During July 25, 2011 to August 22, 2011, the stock price had dropped $5.86 (-19.1%) from $30.68 to $24.82. The stock price saw one of its best stretches over the last year between February 8, 2011 and February 17, 2011 when shares rose for eight-straight days, rising 8.5% (+$2.01) over that span. It saw one of its worst periods between March 8, 2011 and March 16, 2011 when shares fell for seven-straight days, falling 8.9% (-$2.06) over that span.

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