Big Weekly Winners: Swing Trading with PowerRatings

US stocks earned substantial gains early in the 5/18 trading week, but leveled off by Friday after over 3 consecutive weeks of being in the red. The top-rated stocks that outperformed over the previous trading week came from the healthcare, consumer goods, and services sectors.

The stocks in this week’s Big Weekly Winners: Swing Trading with PowerRatings all earned PowerRatings of 8 or higher one week ago on May 18th, 2012.

To learn more about PowerRatings, including how to swing trade stocks and ETFs with PowerRatings, click here.

Performance of 5/18/12 – 5/25/12 Trading Week

BioSante Pharmaceuticals, Inc. (BPAX)

BPAX chart

A specialty pharmaceutical company producing hormone and oncology products, BioSante Pharmaceuticals recently released positive study results from new product testing. Shares of BPAX had a substantial rally on Monday’s 5/21 trading, as did many biotechnology stocks throughout the week.

  • 5/18/12 Entry Price: 0.34 with a PowerRating of 8
  • 5/25/12 Exit Price: 0.52
  • Gain: 52.94%

Entertainment Gaming Asia Inc. (EGT)

EGT chart

Shares of Entertainment Gaming Asia Inc. were firmly oversold at the outset of the 5/14 trading week, but reverted by 5/25 into overbought territory. After gapping-up on Thursday’s 5/17 opening shares of EGT rallied to end the week with a 30.43% gain.

  • 5/18/12 Entry Price: 0.69 with a PowerRating of 8
  • 5/25/12 Exit Price: 0.90
  • Gain: 30.43%

US Airways Group, Inc. (LCC)

LCC chart

The declining price of oil has boosted major airline stocks over the last week, while shares of US Airways Group, Inc. set a new 52-week high on Friday 5/25. Shares of LCC have seen big gains throughout the last month as it continues to trade above both its 200 and 50-day moving average.

  • 5/18/12 Entry Price: 10.06 with a PowerRating of 10
  • 5/25/12 Exit Price: 12.30
  • Gain: 22.27%

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