For the week, the S&P 500 rose 0.8%, the Down Jones Industrial Average rose 0.6%, and the Nasdaq rose 2.9%.

With the indices on the rise, it's a prime opportunity to search out rocket stocks, or beaten-down stocks that have the potential to snap back in the coming days because of specific catalysts that could play out. A rocket stock is particularly attractive when it has near-term growth potential and also qualifies as a solid long-term play.

Sometimes we find short rocket stock ideas, too, or stocks that we think could shoot lower in the coming days.

Before we get to this week's rocket stocks, here's a look at how last week's ideas fared.

To read more, visit Stockpickr.com.

Who's on Stockpickr Answers? David Peltier will be on Stockpickr Answers on April 23 to respond to investing and trading questions posed by members of the Stockpickr community. Not a member? Join the Stockpickr community today -- free.

Stockpickr is a wholly owned subsidiary of TheStreet.com.

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