Traders are Buying These Energy Stocks as Libya Fighting Continues

Through early afternoon trading, these stocks are helping the Energy (NYSE:XLE) 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.

Halliburton Company (NYSE:HAL) is among the sector price gainers today, as its shares are trading at $39.21, up $1.92 (+5.1%) from a previous close of $37.29. Halliburton Company provides oilfield technologies and services to upstream oil and gas customers worldwide.

Stock Price Performance: During July 22, 2011 to August 19, 2011, the stock price had dropped $19.16 (-33.5%) from $57.20 to $38.04. The stock price saw one of its best stretches over the last year between April 12, 2011 and April 26, 2011 when shares rose for 10-straight days, rising 12.4% (+$5.61) 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 8% (-$4.61) over that span.

Oceaneering International Inc. (NYSE:OII) is among the top price gainers in the sector today. Its shares are trading at $37.01, up $1.69 (+4.8%) from a previous close of $35.32. Oceaneering International is an oilfield provider of engineered services and products mainly to the offshore oil and gas industry, with a focus on deepwater applications.

Stock Price Performance: During July 25, 2011 to August 22, 2011, the stock price had dropped $8.75 (-19.9%) from $44.07 to $35.32. The stock price saw one of its best stretches over the last year between October 29, 2010 and November 11, 2010 when shares rose for 10-straight days, rising 15.5% (+$4.80) over that span. It saw one of its worst periods between July 28, 2011 and August 8, 2011 when shares fell for eight-straight days, falling 24.8% (-$10.91) over that span.

Arch Coal Inc (NYSE:ACI) is among the sector price gainers today, as its shares are trading at $17.64, up 65 cents (+3.8%) from a previous close of $16.99. Arch Coal, Inc. is a coal producer in the United States, which sells coal to power plants, steel mills and industrial facilities.

Stock Price Performance: During May 26, 2011 to August 22, 2011, the stock price had fallen $12.47 (-42.3%) from $29.46 to $16.99. The stock price saw one of its best stretches over the last year between October 29, 2010 and November 8, 2010 when shares rose for seven-straight days, rising 20.4% (+$4.97) 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 25.7% (-$7.36) over that span.

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) is one of the top price gainers today. Its stock price is $22.41, which is 98 cents (+4.6%) above the previous close of $21.43. Patterson-UTI Energy, Inc. is a provider of contract services to the North American oil and natural gas industry.

Stock Price Performance: During July 22, 2011 to August 19, 2011, the stock price had dropped $11.39 (-33.8%) from $33.73 to $22.34. The stock price saw one of its best stretches over the last year between January 24, 2011 and February 7, 2011 when shares rose for 11-straight days, rising 27.9% (+$5.67) over that span. It saw one of its worst periods between July 28, 2011 and August 8, 2011 when shares fell for eight-straight days, falling 28.5% (-$9.36) over that span.

Rpc Inc. (NYSE:RES) is among the top price gainers in the sector today. Its shares are trading at $21.89, up 98 cents (+4.7%) from a previous close of $20.92. RPC Inc. provides a range of specialized oilfield services and equipment mainly to independent and oil and gas companies engaged in the exploration, production and development of oil and gas properties.

Stock Price Performance: During July 22, 2011 to August 19, 2011, the stock price had dropped $5.36 (-20%) from $26.86 to $21.50. The stock price saw one of its best stretches over the last year between April 12, 2011 and April 25, 2011 when shares rose for nine-straight days, rising 21.1% (+$4.61) over that span. It saw one of its worst periods between July 22, 2011 and August 2, 2011 when shares fell for eight-straight days, falling 16.5% (-$4.42) over that span.