3 Stocks Driving The Basic Materials Sector Higher

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All three major indices traded up today with the Dow Jones Industrial Average ( ^DJI) trading up 167 points (1.0%) at 17,113 as of Friday, Sept. 26, 2014, 4:20 PM ET. The NYSE advances/declines ratio sits at 2,244 issues advancing vs. 828 declining with 137 unchanged.

The Basic Materials sector as a whole closed the day up 0.7% versus the S&P 500, which was up 0.9%. Top gainers within the Basic Materials sector included Timberline Resources ( TLR), up 4.4%, Pacific Booker Minerals ( PBM), up 3.2%, Ossen Innovation ( OSN), up 14.9%, Eurasian Minerals ( EMXX), up 2.2% and Alderon Iron Ore ( AXX), up 2.1%.

TheStreet Ratings Group would like to highlight 3 stocks pushing the sector higher today:

Alderon Iron Ore ( AXX) is one of the companies that pushed the Basic Materials sector higher today. Alderon Iron Ore was up $0.02 (2.1%) to $0.81 on light volume. Throughout the day, 19,598 shares of Alderon Iron Ore exchanged hands as compared to its average daily volume of 51,800 shares. The stock ranged in a price between $0.80-$0.85 after having opened the day at $0.82 as compared to the previous trading day's close of $0.79.

Alderon Iron Ore has a market cap of $106.7 million and is part of the energy industry. Shares are down 49.7% year-to-date as of the close of trading on Thursday.

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