PowerRatings help traders find the “needles” in the market-haystack, proving especially helpful in oversold market conditions like we’ve seen throughout the month of May. The top-performing stocks from this last trading week came from the technology and services sectors, as well as a gold futures contract ETN.
The stocks and ETN in this week’s Big Weekly Winners: Swing Trading with PowerRatings all earned PowerRatings of 8 or higher one week ago on May 11th, 2012.
To learn more about PowerRatings, including how to swing trade stocks and ETFs with PowerRatings, click here.
Performance of 5/11/12 – 5/18/12 Trading Week
Multi-Fineline Electronix Inc. (MFLX)
A manufacturer and designer of malleable circuit boards and other electronic components, Multi-Fineline Electronix Inc. saw its shares rise over 5% after reporting a revenue bump from the last trading quarter and receiving an upgrade from Needham & Company earlier in the month.
- 5/11/12 Entry Price: 23.77 with a PowerRating of 8
- 5/18/12 Exit Price: 25.05
- Gain: 5.38%
Apollo Group Inc. (APOL)
Apollo Group Inc. reached a new 52-week low on Friday, May 11th despite recently trading above its average volume. While the education sector trended negatively throughout the week, Apollo shares gained a little over 2%.
- 5/11/12 Entry Price: 31.34 with a PowerRating of 8
- 5/18/12 Exit Price: 32.02
- Gain: 2.17%
PowerShares DB Gold Double Long ETN (DGP)
Many investors dumped their positions in gold in May amidst the turmoil in the stock market, but gold rebounded on Thursday and Friday and PowerShares DB Gold Double Long ETN managed to close the week out with a 1.43% gain
- 5/11/12 Entry Price: 47.50 with a PowerRating of 8
- 5/18/12 Exit Price: 48.18
- Gain: 1.43%
Learn how to swing trade using PowerRatings! Click here to launch your free trial to PowerRatings today. Free trials include full access to our entire database of stocks, ETFs and leveraged ETFs, as well as swing trader training videos.
Joshua Glasgall is Editor in Chief of Connors Research