Big Weekly Winners: Swing Trading with PowerRatings

  • June 17, 2012
  • Joshua Glasgall

With the long-awaited elections in Greece today all eyes are focused on the results to determine the future of Greece’s role in the euro zone. US stocks finished the trading week with gains for the second week in a row alongside the news of the central banks possibly stepping in to help stem the European debt crisis. The top-performers from this trading week came from the healthcare and basic materials sectors as well as a leveraged Treasury Bond Index ETF.

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

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

Performance of 6/08/12 – 6/15/12 Trading Week

Xenoport, Inc. (XNPT)

XNPT chart

After dropping sharply on Thursday and Friday of last week’s trading, shares of Xenoport, Inc. continued to dive on Monday but rallied throughout the week to close over 8%. After opening on Monday in oversold territory XNPT has reverted and is now firmly overbought.

  • 6/08/12 Entry Price: 5.33 with a PowerRating of 8

  • 6/15/12 Exit Price: 5.79

  • Gain: 8.63%

Direxion Daily 30-Year Treasury Bull 3x Shares (TMF)

TMF chart

The Direxion Daily 30-Year Treasury Bull 3x Shares ETF has been sliding since the beginning of June, but TMF saw modest gains this week after gapping-up on last Friday’s open and climbing to end this week in the black.

  • 6/08/12 Entry Price: 78.63 with a PowerRating of 9

  • 6/15/12 Exit Price: 80.81

  • Gain: 2.77%

InterOil Corporation (IOC)

IOC chart

InterOil Corporation specializes in the exploration and development of natural gas and oil in Papua New Guinea. Currently trading above both its 50 and 200-day moving average in overbought territory, IOC earned slightly less than 2% to end the week.

  • 6/08/12 Entry Price: 59.83 with a PowerRating of 8

  • 6/15/12 Exit Price: 60.86

  • Gain: 1.72%


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