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You are here: Home / Recent / Big Weekly Winners: Swing Trading with PowerRatings

Big Weekly Winners: Swing Trading with PowerRatings

August 12, 2012 by Joshua Glasgall

The S&P 500 continued its positive trend this week, locking in another 3 points on Friday’s trading for an overall 12% gain for the index this year so far. Amid the recent gains across the major indices many traders are still positioning themselves defensively against instability in the European and other foreign markets. The ongoing situation with European debt has taken a bite out Asian markets, with both Hong Kong and Singapore reporting lower than expected Q2 GDP results on Friday. The top-performing stocks from this trading week came from the healthcare, technology and basic materials 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 August 3, 2012.

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

Performance of 8/3/12 – 8/10/12 Trading Week

Peregrine Pharmaceuticals, Inc. (PPHM)

PPHM chart

Several biopharmaceutical companies garnered gains later in this trading week, and shares of Peregrine Pharmaceuticals, Inc. were no exception as it hit a new 52-week high during Thursday’s trading. The announcement of PPHM’s CEO presenting at the upcoming Wedbush Securities conference this week helped the rally, while the stock goes into Monday’s open comfortably above its 50 and 200-day moving averages.

  • 8/3/12 Entry Price: 1.66 with a PowerRating of 9
  • 8/10/12 Exit Price: 2.29
  • Gain: 37.95%

Mattson Technology Inc. (MTSN)

MTSN chart

Shares of Mattson Technology Inc. rose over 13% on Friday after issuing its quarterly earnings report and trading on below-average volume. Since hitting a new 52-week low during the previous Friday’s 8/3/12 trading and dropping into oversold territory, MTSN reverted to very overbought by the end of the week and reached the highest RSI value its seen over the last 14 trading periods.

  • 8/3/12 Entry Price: 0.83 with a PowerRating of 8
  • 8/10/12 Exit Price: 0.97
  • Gain: 16.87%

NovaGold Resources Inc. (NG)

NG

NovaGold Resources Inc. was among the handful of gold mining companies that realized substantial gains on Thursday and Friday this week. Despite the recent sell-off of NG shares among other gold mining companies as the price of gold continues to faces various challenges, NG secured a 16.58% gain to end the week’s trading.

  • 7/27/12 Entry Price: 3.68 with a PowerRating of 8
  • 8/03/12 Exit Price: 4.29
  • Gain: 16.58%


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

Filed Under: Recent, Trading Lessons Tagged With: Joshua Glasgall, PowerRatings, Weekly Winners

About Joshua Glasgall

Joshua Glasgall, Editor in Chief of The Connors Group. Before joining The Connors Group in 2012, Joshua worked in online advertising, market research, and financial journalism.

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