Big Weekly Winners: Swing Trading with PowerRatings

As of the close of the trading week on 6/1 the market can be considered to be in oversold territory. News from Europe is still causing serious turbulence, while US job growth numbers have slowed to a crawl. The DOW gains have been wiped for the year and the S&P500 dropped below its 200-day moving average by Friday’s close. In light of all of that, the top-performing stocks over the last trading week came from the basic materials and technology 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 25th, 2012.

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

Performance of 5/25/12 – 6/01/12 Trading Week

Northern Dynasty Minerals Ltd. (NAK)

NAK chart

Northern Dynasty Minerals Ltd. shares suffered significant losses in the 5/18 trading week, but were able to secure an almost 5% gain by the close on Friday. A company specializing in the exploration and development of mineral properties, NAK recently rejected an EPA watershed assessment of its developing mine in southwest Alaska.

  • 5/25/12 Entry Price: 2.48 with a PowerRating of 8
  • 6/01/12 Exit Price: 2.60
  • Gain: 4.84%

Venoco, Inc. (VQ)

VQ chart

Another company dedicated the to the exploration and development of US resources, this time of natural gas and oil properties around California, Venoco, Inc. shares rose a little under 4% to close out the week in overbought territory. VQ shares are edging closer to both its 50 and 200-day moving averages.

  • 5/25/12 Entry Price: 9.27 with a PowerRating of 8
  • 6/01/12 Exit Price: 9.63
  • Gain: 3.88%

SureWest Communications (SURW)

SURW chart

On Wednesday, Consolidated Communications (CNSL) secured the sale of some senior notes to fund the future acquisition of SureWest Communications that was announced in February of this year. CNSL gained the approval of the CA public utilities commission for the proposed acquisition this week as well. A telecommunications services provider, SURW shares gained slightly over 2% to finish the trading week.

  • 5/25/12 Entry Price: 20.37 with a PowerRating of 9
  • 6/01/12 Exit Price: 21.21
  • Gain: 2.02%

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