3 ASX stocks that jumped over 10 per cent last week

A retailer, biotech and a gaming business all jumped sharply last week

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The S&P / ASX 200 Index (Index: ^AXJO) (ASX: XJO) rose by 0.8% last week to close at 4,396 points, despite suffering a 0.7% fall on Friday. Year to date, as of Friday, the index was up 8.4%, beating the Dow Jones Index, which has risen 6.7% this year. The US S&P 500 index is the best performing index of the three, having risen 8.9% since New Year's Day.

Three ASX Industrials stocks rose more than 10% last week.

Tissue Therapies Limited (ASX: TIS) jumped by 28.6% to close at 56.5 cents on Friday. The company develops products to aid wound healing and tissue regeneration. Its main product, VitroGro, is due to go on sale in Europe in June 2012. The company was hit with a 'speeding ticket' by the ASX last week due to the share price moves, but had no light to shed on the matter. (This is the colloquial term given to an ASX query as to whether the company knows anything that could explain a big change in the share price).

With a market capitalisation of just $95m, it's too small for most fund managers, and only covered by one major broker analyst. Investors are likely expecting good news from the company shortly, and are stocking up (excuse the pun!) before any announcement.

Jumbo Interactive Limited (ASX: JIN) moved 12%, to close at $1.40 for the week. The stock moved sharply this week, rising to over $1.60 on Wednesday 2nd May, before falling by 4 cents on Thursday and 8 cents on Friday.  The company released a profit upgrade for the current financial year on Wednesday and is now expecting net profit to be between $5.9m and $6.2m.

Jumbo also announced that the recent $50m OzLotto lottery jackpot drove sales in April. Tonight's $70m jackpot will give May a strong start – big jackpots drive ticket sales. If the lottery is not won today, it could jackpot even higher.  This would be good news for the company.

Remember that volatility is your friend, as it provides opportunities to take advantage of fear and pessimism, and allows investors to pick up shares at cheaper prices. The pull back at the end of last week could be just such an opportunity with Jumbo Interactive.

Specialty Fashion Group Limited (ASX: SFH) moved 5 cents to close up 11.4% at $0.49 per share. Given the company has not released any news in over a month, the price rise looks more like investors taking advantage of the prices on offer.

Other notable risers for the week include Redflex Holdings (ASX: RDF) up 9.7%, CTI Logistics (ASX: CLX) up 9.7%, and Gale Pacific Limited (ASX: GAP), a company I wrote about in this article back in March 2012, was up 9.6% for the week, and up 16% since March.

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Motley Fool contributor Mike King owns shares in Jumbo Interactive. The Motley Fool's purpose is to help the world invest, better. Take Stock is The Motley Fool's free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead. Click here now to request your free subscription, whilst it's still available. This article contains general investment advice only (under AFSL 400691).

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