Ovechkin had five goals and three assists over four games last week, stretching his overall season-long scoring streak to five games (six goals, three assists).
After picking up a goal in Washington's 2-1 loss to Pittsburgh to start the week, he had five points in back-to-back road wins over Winnipeg.
He capped the week with a goal and an assist in regulation, plus the opening goal in the shootout in a 3-2 win over the New York Rangers.
The successful week put the struggling Capitals back in the playoff picture. Washington is 10th in the East, two points behind the eighth-place Rangers.
Minnesota goaltender Niklas Backstrom and Toronto forward Nazem Kadri took second- and third-star honours respectively.
Backstrom posted a 3-0-0 record, 1.00 goals-against average, .972 save percentage and one shutout in three starts to help the Wild extend its win streak to a season-high five games.
Kadri has seven points (three goals, four assists) in three games.