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 could be undervalued.

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

Gold explorer Horizon Gold (ASX:HRN) topped the list last week with a reading of 89.91. Despite making no major announcements in August, the company was one of many to benefit from rising gold prices during the month amid some volatility in global stock markets.

After starting the month at 18.6c, HRN closed on Friday at 41c for a monthly gain of more than 100 per cent.

It was also a good month for Site Group International (ASX:SIT), the platform which provides skills development and training services for the mining industry.

The company raised $3.75m via two share placements in August and released its full-year results last week, which showed a four per cent gain in annual revenue to $30.9m.

And gas explorer Warrego Energy (ASX:WGO) ran hot last week, closely followed by its joint venture partner Strike Energy (ASX:STX) after the pair announced a major gas discovery at their West Erregulla project in the North Perth Basin.

Code Name 14 Day RSI Price (2:00pm Friday) Market Cap
HRN HORIZON GOLD LIMITED 89.91 0.42 32.14M
SIT SITE GROUP INTERNATIONAL LTD 89.31 0.06 47.05M
WGO WARREGO ENERGY LTD 87.09 0.42 243.10M
AWV ANOVA METALS LTD 85.56 0.02 12.14M
MNF MNF GROUP LTD 85.31 4.83 352.37M
STX STRIKE ENERGY LTD 85.11 0.3 420.16M
BYE BYRON ENERGY LTD 84.86 0.38 264.52M
MTO MOTORCYCLE HOLDINGS LTD 83.09 2.2 135.75M
SRV SERVCORP LTD 82.57 4.95 480.22M
SPZ SMART PARKING LTD 82.1 0.21 73.64M
NEU NEUREN PHARMACEUTICALS LTD 81.75 1.89 194.99M
MEI METEORIC RESOURCES NL 80.6 0.05 53.74M
AGS ALLIANCE RESOURCES LTD 78.96 0.14 21.43M
HPR HIGH PEAK ROYALTIES LTD 78.43 0.12 22.67M
EAR ECHO RESOURCES LTD 78.29 0.32 224.61M
TLM TALISMAN MINING LTD 78.14 0.12 22.28M
OMN ONEMARKET LTD 77.63 0.85 91.46M
ORR ORECORP LTD 77.59 0.42 116.32M
TML TIMAH RESOURCES LTD 76.9 0.06 5.82M
SES SECOS GROUP LTD 76.84 0.06 22.00M
HE8 HELIOS ENERGY LTD 76.73 0.25 366.82M
CAZ CAZALY RESOURCES LTD 75.81 0.05 15.81M
PSQ PACIFIC SMILES GROUP LTD 75.79 1.42 215.83M
FAM FAMILY INSIGHTS GROUP LTD 75.4 0.09 4.35M
CHZ CHESSER RESOURCES LTD 75.35 0.07 16.92M
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Running Cold

Demand was running low across a varied cross-section of different sectors, with companies in tech, healthcare and resources all running cold over the past two weeks.

Among the notable moves, struggling tech outfit Speedcast International (ASX:SDA) fell into the bottom three, after slumping last week following the release of its half-year financials.

Code Name 14 Day RSI Price (2:00pm Friday) Market Cap
COG CONSOLIDATED OPERATIONS GROUP 24.45 0.08 103.28M
SPL STARPHARMA HOLDINGS LTD 24.45 1.1 408.89M
AJM ALTURA MINING LTD 24.39 0.07 172.08M
ARC AUSTRALIAN RURAL CAPITAL LTD 24.17 0.33 4.13M
SF1 STEMIFY LTD 23.47 0.03 5.17M
8VI 8VIC HOLDINGS LTD 22.55 0.3 12.16M
AQC AUSTRALIAN PACIFIC COAL LTD 21.29 0.23 11.86M
EPM ECLIPSE METALS LTD 20.95 0 1.15M
EHH EAGLE HEALTH HOLDINGS LTD 20.65 0.14 48.54M
IGE INTEGRATED GREEN ENERGY SOLUTIONS 20.64 0.15 61.05M
MHI MERCHANT HOUSE INTL LTD 20.27 0.07 6.60M
MWY MIDWAY LTD 19.42 2.88 253.28M
OSP OSPREY MEDICAL INC 19.18 0.05 22.89M
NZC NZURI COPPER LTD 19.17 0.26 79.89M
CCZ CASTILLO COPPER LTD 18.46 0.01 8.34M
SDA SPEEDCAST INTERNATIONAL LTD 17.95 0.77 181.00M
EMB EMBELTON LTD 17.57 9.81 21.17M
8EC 8IP EMERGING COS LTD 11.51 0.31 29.33M
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At Stockhead we tell it like it is. While Warrego Energy is a Stockhead advertiser, it did not sponsor this article.

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