Traders Bought These Energy Stocks August 30th

At the close of trading on Tuesday, August 30, 2011, these stocks helped the Energy (NYSE:XLE) 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.

Shares of Cenovus Energy, Inc. (NYSE:CVE) closed at $35.38, up 77 cents (+2.2%) from the previous close of $34.61. Cenovus Energy Inc operates in oil projects and natural gas and crude oil production in Alberta and Saskatchewan. It also has oil projects in Foster Creek, Christina Lake and Pelican Lake in northeast Alberta, and Weyburn in Saskatchewan.

Stock Price Performance: From August 1, 2011, to August 29, 2011, the stock price had dropped $4.07 (-10.5%) from $38.68 to $34.61. The stock price saw one of its best stretches over the last year between December 17, 2010 and December 29, 2010 when shares rose for eight straight trading days, rising 7.1% (+$2.17). It saw one of its worst periods between October 13, 2010 and October 22, 2010 when shares fell for eight straight trading days, falling 6.1% (-$1.80).

Cabot Oil & Gas Corporation (NYSE:COG) was among the sector price gainers, as it closed at $76.67, up $2.69 (+3.6%) from the previous close of $73.98. Cabot Oil & Gas Corporation is an independent company engaged in the development, exploitation and exploration of oil and gas properties in North America.

Stock Price Performance: From June 3, 2011, to August 29, 2011, the stock price had risen $17.45 (30.9%) from $56.53 to $73.98. The stock price saw one of its best stretches over the last year between October 28, 2010 and November 11, 2010 when shares rose for 11 straight trading days, rising 24.9% (+$7.01). It saw one of its worst periods between August 1, 2011 and August 8, 2011 when shares fell for six straight trading days, falling 21.2% (-$15.96).

SM Energy Company (NYSE:SM) was one of the top price gainers. It closed at $75.94, which is $1.74 (+2.3%) above the previous close of $74.20. SM Energy Company is an independent energy company focused on the exploration, exploitation, development, acquisition, and production of natural gas and crude oil in the United States.

Stock Price Performance: From June 3, 2011, to August 29, 2011, the stock price had risen $4.53 (6.5%) from $69.67 to $74.20. The stock price saw one of its best stretches over the last year between November 2, 2010 and November 11, 2010 when shares rose for eight straight trading days, rising 18.3% (+$7.73). It saw one of its worst periods between May 9, 2011 and May 17, 2011 when shares fell for seven straight trading days, falling 8.1% (-$5.50).

Sunoco Inc. (NYSE:SUN) was among the top price gainers in the sector. Its shares traded at $37.79, up 85 cents (+2.3%) from the previous close of $36.94. Sunoco, Inc., through its subsidiaries, is a petroleum refiner and marketer and chemicals manufacturer.

Stock Price Performance: From July 1, 2011, to August 29, 2011, the stock price had fallen $5.08 (-12.1%) from $42.02 to $36.94. The stock price saw one of its best stretches over the last year between January 20, 2011 and January 28, 2011 when shares rose for seven straight trading days, rising 7.1% (+$2.85). It saw one of its worst periods between July 21, 2011 and August 8, 2011 when shares fell for 13 straight trading days, falling 29.9% (-$12.77).

Shares of EXCO Resources, Inc. (NYSE:XCO) closed at $13.66, up 46 cents (+3.5%) from the previous close of $13.20. EXCO Resources, Inc. is an independent oil and natural gas company, which is engaged in the acquisition, development and exploitation of onshore North American oil and natural gas properties.

Stock Price Performance: From June 2, 2011, to August 26, 2011, the stock price had fallen $7.61 (-38%) from $20.01 to $12.40. The stock price saw one of its best stretches over the last year between March 23, 2011 and April 1, 2011 when shares rose for eight straight trading days, rising 2.6% (+52 cents). It saw one of its worst periods between May 25, 2011 and June 6, 2011 when shares fell for eight straight trading days, falling 9% (-$1.81).

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