Big Weekly Winners: Swing Trading with PowerRatings

US stocks saw their best performance through the 6/1-6/8 trading week, ending on Friday with the strongest gains seen so far in 2012 and with most major indexes posting gains as well. News that Spain is looking for help to support its deteriorating banking industry helped lift stocks on Friday, and reports that Spain has now secured $125 billion to do so will have a strong impact coming into Monday. The top over-performing stocks from the previous trading week came from the healthcare and industrial goods 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 June 1st, 2012.

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

Performance of 6/01/12 – 6/08/12 Trading Week

Sun Healthcare Group, Inc. (SUNH)

SUNH chart

Sun Healthcare Group, Inc. saw its shares dramatically rise this week amid the healthcare sector gains across the board. Currently trading above its 200-day moving average, SUNH has reverted and remains very oversold coming into Monday’s trading.

  • 6/01/12 Entry Price: 4.40 with a PowerRating of 9
  • 6/08/12 Exit Price: 5.79
  • Gain: 31.59%

Pharmacyclics Inc. (PCYC)

VQ chart

With 3 current cancer-fighting drugs moving forward in clinical development, shares of Pharmacyclics Inc. gained almost 30% over this last trading week and saw a spike in insider buying. After reporting positive results from the trials PCYC received several upgrades from analysts in both ratings and target share pricing.

  • 6/01/12 Entry Price: 30.46 with a PowerRating of 9
  • 6/08/12 Exit Price: 39.49
  • Gain: 29.65%

Manitex International, Inc. (MNTX)

SURW chart

Shares of Manitex International, Inc. saw strong double-digit gains after reporting an additional $6.2M in new orders at its annual shareholders meeting on Friday. A manufacturer of heavy lifting machinery, MNTX reached the highest levels it’s seen since setting a new 52-week high almost a month ago.

  • 6/01/12 Entry Price: 7.95 with a PowerRating of 8
  • 6/08/12 Exit Price: 9.67
  • Gain: 21.64%

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