What's better than momentum? Mo' momentum.

Let's take a closer look at five of this past week's biggest scorchers.

Company

June 24

Weekly Gain

My Watchlist

Harbin Electric (Nasdaq: HRBN)

$14.95

78%

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China Shen Zhou (AMEX: SHZ)

$3.60

51%

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Sky-mobi (Nasdaq: MOBI)

$7.88

34%

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Tower Bancorp (Nasdaq: TOBC)

$26.89

33%

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Talbots (NYSE: TLB)

$3.66

19%

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Source: Barron's.

Two weeks ago, Harbin Electric was one of the market's biggest losers, shedding nearly half of its value after a bearish Citron Research report was published. It made most of that back this past week, after its chairman and private-equity investor Abax Global agreed to a buyout for $24 a share.

The stock is still trading at a significant discount to the purchase price, so Mr. Market isn't all that convinced that this deal for the Chinese maker of electric motors will go through.

Rare earth metal prices are soaring lately, and the miners are following suit. China Shen Zhou Mining & Resources notched gains of 51% last week, and Quest Rare Minerals (AMEX: QRM) came through with a 26% pop.

If you get the feeling that it was a good week for many of China's more volatile investments, it shouldn't be a surprise to find Sky-mobi climbing higher. The mobile app store operator is no stranger to wild swings. The company announced last week that it would be presenting at this morning's Brean Murray Carret & Co. Beijing China Growth Conference.

Closer to home, Pennsylvania's Tower Bancorp hit it rich after Susquehanna Bancshares (Nasdaq: SUSQ) agreed to buy the banker for $343 million in cash and stock.

Talbots bounced back after getting pounded earlier this month when the apparel retailer posted a wider-than-expected loss. The meandering mall chain isn't any closer to solving its inventory woes, but the stock may have been beaten down to the point where it's attracting value investors and potential acquirers.

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.

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Longtime Fool contributor Rick Munarriz enjoys cheering on winners and whispering words of encouragement to the losers. He does not own shares in any of the companies in this story. He is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early.