What's better than momentum? Mo' momentum.
Let's take a closer look at five of this past week's biggest scorchers.
Medivation (NAS: MDVN)
DragonWave (NAS: DRWI)
Leap Wireless (NAS: LEAP)
Nam Tai Electronics (NYS: NTE)
Aeropostale (NYS: ARO)
Medivation was last week's biggest winner, more than doubling after reporting encouraging news on its promising prostate cancer treatment. Medivation's MDV3100 was shown to extend the lives of late-stage patients -- those where chemotherapy failed to eradicate the cancer -- by five months.
DragonWave was already having a strong week before announcing it would be buying the microwave technology business of Nokia Siemens Networks. The deal was enough to propel DragonWave's shares 41% higher on Friday alone.
Leap Wireless -- the company behind the Cricket prepaid wireless service -- climbed after posting robust quarterly results. Subscribers and revenue are growing, and churn is improving.
Chinese electronics manufacturer Nam Tai posted a soft quarterly report but bounced back after offering a rosy sales growth outlook for next year. Nam Tai is also raising its quarterly dividend by 40%.
Unlike rival Abercrombie & Fitch (NYS: ANF) -- which tanked after posting disappointing sales trends overseas -- trendy mall retailer Aeropostale took off after raising its guidance for its fiscal third quarter.
It was a great week for these five stocks. Now let's see if they're up for an encore.
Which of these five stocks do you think will continue to move higher? Share your thoughts in the comment box below.
At the time thisarticle was published The Motley Fool owns shares of Nam Tai Electronics and Aeropostale. Motley Fool newsletter services have recommended buying shares of Nam Tai Electronics. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.Longtime Fool contributor Rick Munarriz calls them as he sees them. He does not own shares in any of the stocks in this story. Rick is also part of theRule Breakersnewsletter research team, seeking out tomorrow's ultimate growth stocks a day early.
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