Each Monday, Stockhead recaps which stocks are heavily demanded by investors – or running hot.

Stockhead uses the Relative Strength Index (RSI), a technical gauge which measures how trading momentum is affecting the price action.

A reading of 70 is seen as the level at which a company may have been overbought. If a stock has a reading of 30 or below, it have been could be oversold.

Click here for the first edition of Hot Money, which includes a more detailed description of what the RSI does and how it’s used.

Here is this week’s list:

Running Hot

Some of stocks on this list released annual earnings including Baby Bunting (ASX:BBN) and McPhersons (ASX:MCP).

But the hottest stock was AJ Lucas (ASX:AJL). A gas field in the UK which it had part-ownership of resumed fracking.

As if that was not good enough, the UK government set the record straight that it realised gas was an important energy source.

Biotech Race Oncology (ASX:RAC) has been surging because of a major investor buying into the company.

This company is undertaking clinical trials against a rare cancer utilising a drug that had been ‘forgotten’ in a big pharma merger.

Warrego Energy (ASX:WGO) continued to excite investors with its gas exploration in the Perth Basin.

Bowen Coking Coal (ASX:BCB) announced a 67 per cent increase in its JORC resource estimate and it has also been running hot in the last fortnight.

Code Name 14 Day RSI Price (12.30pm Friday) Market Cap
AJL AJ LUCAS GROUP LTD 91.44 0.25 187.52M
MCP MCPHERSON'S LTD 84.88 2.15 231.00M
CAZ CAZALY RESOURCES LTD 83.28 0.05 13.82M
HRN HORIZON GOLD LIMITED 82.84 0.35 25.26M
SIT SITE GROUP INTERNATIONAL LTD 81.39 0.05 39.20M
BC8 BLACK CAT SYNDICATE LTD 80.96 0.56 40.71M
ENN ELANOR INVESTOR GROUP 80.74 2.3 229.59M
PEA PACIFIC ENERGY LTD 80.22 0.97 417.19M
HE8 HELIOS ENERGY LTD 79.9 0.24 336.75M
GSW GETSWIFT LTD 79.65 0.31 57.50M
AGS ALLIANCE RESOURCES LTD 78.96 0.14 21.43M
BBN BABY BUNTING GROUP LTD 78.15 3.02 379.32M
TML TIMAH RESOURCES LTD 77.32 0.06 5.82M
BTC BTC HEALTH LTD 76.96 0.14 35.55M
SPX SPECTRUM METALS LTD 76.79 0.1 145.48M
HPR HIGH PEAK ROYALTIES LTD 76.77 0.12 21.73M
MTO MOTORCYCLE HOLDINGS LTD 76.64 1.78 109.84M
WLL WELLCOM GROUP LTD 76.6 6.82 269.90M
RAC RACE ONCOLOGY LTD 76.43 0.1 9.38M
CUL CULLEN RESOURCES LTD 76.38 0.02 3.05M
BSA BSA LTD 76.23 0.38 162.87M
MEI METEORIC RESOURCES NL 76.01 0.05 47.88M
S2R S2 RESOURCES LTD 75.75 0.19 49.58M
MOQ MOQ LTD 75.6 0.28 45.17M
RMC RESIMAC GROUP LTD 74.84 0.82 334.78M
BCB BOWEN COKING COAL LTD 74.46 0.07 49.91M
ADN ANDROMEDA METALS LTD 74.19 0.07 85.41M
DN8 DREAMSCAPE NETWORKS LTD 73.73 0.26 103.26M
OKR OKAPI RESOURCES LTD 73.1 0.25 9.01M
CTP CENTRAL PETROLEUM LTD 72.95 0.19 135.54M
MSE METALSEARCH LTD 72.72 0.02 8.66M
NVA NOVA MINERALS LTD 72.35 0.05 49.00M
AWV ANOVA METALS LTD 72.21 0.01 9.59M
TRL TANGA RESOURCES LTD 72.09 0.004 5.09M
ISD ISENTIA GROUP LTD 71.61 0.37 62.00M
FRX FLEXIROAM LTD 71.53 0.05 11.86M
CAT CATAPULT GROUP INTERNATIONAL 71.37 1.43 276.80M
RXM REX MINERALS LTD 71.04 0.09 27.88M
RED RED 5 LTD 70.99 0.32 416.85M
BSX BLACKSTONE MINERALS LTD 70.57 0.15 23.34M
NAG NAGAMBIE RESOURCES LTD 70.47 0.06 27.12M
AKG ACADEMIES AUSTRALASIA GROUP 70.38 0.52 66.36M
WGO WARREGO ENERGY LTD 70.26 0.19 122.50M
APG AUSTPAC RESOURCES NL 70.22 0.002 5.82M
LPI LITHIUM POWER INTERNATIONAL 70.18 0.41 112.88M

Running Cold

The coldest stock was 8IP (ASX:8EC) as it undertook its asset sale and distribution plan.

Monash IVF (ASX:MVF) began to run cold mid-last week after five doctors who referred their patients to the company would not anymore because they were setting up their own shop.

Australian Pacific Coal (ASX:AQC) was heavily sold after it was denied a five-year extension to its coal mine.

Casino operator Donaco (ASX:DNA) had another legal setback in Cambodia, placing it on this fortnight’s running cold list.

Code Name 14 Day RSI Price (12.30pm Friday) Market Cap
IPB IPB PETROLEUM LTD 29.9 0.02 4.61M
ICT ICOLLEGE LTD 29.66 0.06 31.02M
ISU ISELECT LTD 29.5 0.57 126.09M
GRR GRANGE RESOURCES LTD 29.45 0.22 254.61M
EXP EXPERIENCE CO LTD 29.19 0.19 108.38M
ENE ENEVIS LTD 29.16 0.14 9.99M
SVS SUNVEST CORPORATION LIMITED 29.16 0.21 3.04M
YOJ YOJEE LTD 29.04 0.07 61.02M
PCG PENGANA CAPITAL GROUP LTD 29 1.36 139.94M
SYR SYRAH RESOURCES LTD 28.81 0.7 287.30M
RNE RENU ENERGY LTD 28.78 0.03 3.30M
AON APOLLO MINERALS LTD 28.71 0.03 5.04M
14D 1414 DEGREES LTD 28.58 0.25 40.51M
EHH EAGLE HEALTH HOLDINGS LTD 28.31 0.2 64.72M
STM SUNSTONE METALS LTD 28.28 0.03 29.39M
CXX CRADLE RESOURCES LTD 28.23 0.06 11.10M
SFL SPRING FG LTD 28.06 0.03 3.85M
PSZ PS&C LTD 28 0.05 11.59M
IGN IGNITE LTD 27.87 0.04 3.85M
REF REVERSE CORP LTD 27.65 0.01 1.11M
DTZ DOTZ NANO LTD 27.52 0.05 11.71M
SVA SIMAVITA LTD-CDI 27.39 0.01 3.34M
MMM MARLEY SPOON AG-CDI 27.22 0.47 69.87M
RVR RED RIVER RESOURCES LTD 27.2 0.16 76.06M
HRR HERON RESOURCES LTD 26.8 0.38 91.83M
ECG ECARGO HOLDINGS LTD 26.34 0.05 27.69M
QTM QUANTUM HEALTH GROUP LTD 26.2 0.02 17.57M
UUL ULTIMA UNITED LTD 26.19 0.03 733.14k
LHB LIONHUB GROUP LTD 26.01 0.01 4.96M
BAT BATTERY MINERALS LTD 25.9 0.01 11.86M
BID BIDENERGY LTD 25.64 0.49 56.58M
CAQ CAQ HOLDINGS LTD 25.4 0.01 6.46M
ARQ ARQ GROUP LTD 24.8 0.57 69.61M
DNA DONACO INTL LTD 24.45 0.08 60.12M
NZC NZURI COPPER LTD 24.21 0.29 85.81M
MLL MALI LITHIUM LTD 24.19 0.09 23.81M
ARC AUSTRALIAN RURAL CAPITAL LTD 24.17 0.33 4.13M
S66 STAR COMBO PHARMA LTD 24.02 0.46 39.81M
NMT NEOMETALS LTD 23.86 0.18 95.28M
MLX METALS X LTD 23.3 0.17 113.69M
CLH COLLECTION HOUSE LTD 23.08 1.12 153.21M
AQC AUSTRALIAN PACIFIC COAL LTD 23.02 0.25 12.62M
VRT VIRTUS HEALTH LTD 22.52 4 320.75M
SGLLV RICEGROWERS LIMITED 22.45 4.2 250.60M
MHI MERCHANT HOUSE INTL LTD 21.82 0.07 6.88M
GMV G MEDICAL INNOVATION HOLDING 21.5 0.12 47.91M
SF1 STEMIFY LTD 19.61 0.03 3.80M
MVF MONASH IVF GROUP LTD 18.87 1.01 245.22M
CAP CARPENTARIA RESOURCES LTD 18.53 0.03 8.25M
8EC 8IP EMERGING COS LTD 9.4 0.31 29.33M
At Stockhead we tell it like it is. While Warrego Energy is a Stockhead advertiser it did not sponsor this article.