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

Stavely Minerals’ (ASX: SVY) monstrous copper discovery (with a grade of 40 per cent) made it the hottest stock in recent days. It has an RSI of 94 and it has more than quadrupled since the announcement.

After IODM (ASX: IOD) revealed Western Union as its major partner, investors have rushed to buy the stock.

This time last year Bionomics (ASX: BNO) was running cold after a failed clinical trial. But earlier this year it revealed it wasn’t their fault – some patients did not follow the instructions; and last week it announced it will do it again.

As Ian Gandel closes in on acquiring all of Alliance Resources (ASX: AGS), the stock has made it onto the running hot list.

Code Name Price (2pm Friday) 14 Day RSI Market Cap
SVY STAVELY MINERALS LTD 1.05 93.57 157.60M
BNO BIONOMICS LTD 0.08 86.89 45.75M
IOD IODM LTD 0.13 83.35 66.24M
AZS AZURE MINERALS LTD 0.26 81.83 38.79M
OPC OPTICOMM LTD 3.3 81.6 343.45M
PCG PENGANA CAPITAL GROUP LTD 1.96 80.47 202.42M
PAC PACIFIC CURRENT GROUP LTD 6.85 80.27 326.35M
CLV CLOVER CORP LTD 3.02 79.82 488.95M
AAR ANGLO AUSTRALIAN RESOURCES 0.09 79.04 33.35M
EMV EMVISION MEDICAL DEVICES LTD 0.64 79.02 37.43M
NML NAVARRE MINERALS LTD 0.11 79 50.03M
AGS ALLIANCE RESOURCES LTD 0.14 78.96 21.57M
XTE XTEK LTD 0.7 78.58 35.33M
AZM AZUMAH RESOURCES LTD 0.03 78.34 28.38M
TAO TAO COMMODITIES LTD 0.15 78.08 4.65M
EAR ECHO RESOURCES LTD 0.34 77.82 236.79M
MHJ MICHAEL HILL INTERNATIONAL L 0.58 77.46 224.91M
PVD PURA VIDA ENERGY NL 0.02 77.41 8.65M
8IH 8I HOLDINGS LTD-CDI 0.09 77.08 23.56M
TNY TINYBEANS GROUP PTY LTD 1.7 76.58 65.82M
ODA ORCODA LTD 0.23 75.98 24.96M
RMX RED MOUNTAIN MINING LTD 0.01 75.95 5.45M
SSG SHAVER SHOP GROUP LTD 0.6 75.83 75.23M
AUP AURORA PROPERTY BUY WRITE 2.51 75.57 4.25M
EUC EUROPEAN COBALT LTD 0.03 75.48 25.14M
MAG MAGMATIC RESOURCES LTD 0.06 75.29 6.92M
OAU ORA GOLD LTD 0.02 74.96 14.86M
ID8 IDENTITII LTD 0.58 74.95 29.99M
GCM GARDA CAPITAL GROUP 2.25 74.95 60.14M
VBS VECTUS BIOSYSTEMS LTD 0.8 74.83 18.70M
LSR LODESTAR MINERALS LTD 0.01 74.34 7.49M
VVA VIVA LEISURE LTD 2.11 74.27 109.41M
ERX EXORE RESOURCES LTD 0.1 74.26 49.04M
PAR PARADIGM BIOPHARMACEUTICALS 2.53 74.19 491.02M
AQX ALICE QUEEN LTD 0.04 74.09 26.06M
SWF SELFWEALTH LTD 0.25 74.07 41.74M
SAU SOUTHERN GOLD LTD 0.26 73.88 22.15M
TML TIMAH RESOURCES LTD 0.07 73.82 6.56M
AGJ AGRICULTURAL LAND TRUST 0.06 73.65 5.85M
DGH DESANE GROUP HOLDINGS LTD 1.55 73.37 63.41M
PBH POINTSBET HOLDINGS LTD 3.78 73.33 430.54M
ARV ARTEMIS RESOURCES LTD 0.04 73.2 32.97M
CCX CITY CHIC COLLECTIVE LTD 2.56 73.02 470.98M
GID GI DYNAMICS INC-CDI 0.04 73 67.16M
SCL SCHROLE GROUP LTD 0.01 72.96 12.60M
PEA PACIFIC ENERGY LTD 1.09 72.46 467.18M
IDT IDT AUSTRALIA LTD 0.17 72.46 41.47M
MXR MAXIMUS RESOURCES LTD 0.08 72.28 2.79M
KTA KRAKATOA RESOURCES LTD 0.03 71.98 4.05M
SRN SUREFIRE RESOURCES NL 0.01 71.98 6.04M
4DS 4DS MEMORY LTD 0.07 71.66 81.78M
KYK KYCKR LTD 0.25 71.52 58.48M
DTM DART MINING NL 0.01 71.44 8.14M
SIT SITE GROUP INTERNATIONAL LTD 0.07 71.24 54.89M
OMN ONEMARKET LTD 0.96 71.01 97.69M
DEM DE.MEM LTD 0.22 70.95 34.30M
AFR AFRICAN ENERGY RESOURCES-CDI 0.02 70.81 11.28M
HCO HYLEA RESOURCES LTD 0.06 70.66 15.45M
GDG GENERATION DEVELOPMENT GROUP 0.64 70.56 80.19M
KPT KANGAROO ISLAND PLANTATION T 2.5 70.56 140.20M
TNR TORIAN RESOURCES LTD 0.02 70.49 5.05M
WLL WELLCOM GROUP LTD 6.89 70.1 270.29M
SFL SPRING FG LTD 0.05 70.03 7.84M
GAS STATE GAS LTD 0.79 70.03 112.59M

Running Cold

The majority of stocks running cold had nothing new in recent days but have continued to be plagued by bad news a matter of weeks ago.

Australian Pacific Coal (ASX: AQC) has continued to run cold ever since it was denied a mine life extension by the NSW government three weeks ago.

Amaysim (ASX: AYS) has continued to be sold off after disappointing annual results.

One stock hit by bad news last week was ARQ Group (ASX: ARQ) which announced its CEO had quit and downgraded its earnings due to market conditions.

Code Name Price (2pm Friday) 14 Day RSI Market Cap
MXC MGC PHARMACEUTICALS LTD 0.04 29.88 51.94M
AWY AUSTRALIAN WHISKY HOLDINGS L 0.04 29.78 52.18M
VR8 VANADIUM RESOURCES LTD 0.05 29.69 16.90M
WRM WHITE ROCK MINERALS LTD 0.01 29.59 9.82M
CAN CANN GROUP LTD 1.54 29.3 221.21M
CML CHASE MINING CORPORATION LTD 0.02 29.05 4.14M
CYC CYCLOPHARM LTD 1.09 28.44 74.41M
HXG HEXAGON RESOURCES LTD 0.06 28.42 17.22M
LSH LIFESPOT HEALTH LTD 0.05 28.38 4.11M
SF1 STEMIFY LTD 0.03 27.9 4.26M
EMB EMBELTON LTD 10.2 27.88 22.01M
AQZ ALLIANCE AVIATION SERVICES L 2.25 27.62 281.55M
XPL XPLORE WEALTH LTD 0.06 26.92 19.34M
MCM MC MINING LTD 0.51 25.28 72.55M
WEC WHITE ENERGY CO LTD 0.1 25.17 51.63M
OMH OM HOLDINGS LTD 0.44 24.67 321.30M
TGO TRIMANTIUM GROWTHOPS LTD 0.25 24.6 34.04M
BUD BUDDY TECHNOLOGIES LTD 0.02 23.57 42.91M
GO2 GO2 PEOPLE LTD/THE 0.03 23.54 3.89M
BEL BENTLEY CAPITAL LTD 0.06 21.27 6.47M
BMG BMG RESOURCES LTD 0.01 21.27 3.45M
AYS AMAYSIM AUSTRALIA LTD 0.35 21.11 107.72M
IGE INTEGRATED GREEN ENERGY SOLU 0.1 20.88 41.36M
LHB LIONHUB GROUP LTD 0.004 20.61 3.31M
IGN IGNITE LTD 0.03 18.67 2.51M
8VI 8VIC HOLDINGS LTD 0.2 18.16 8.11M
MHI MERCHANT HOUSE INTL LTD 0.06 17.01 6.13M
ARQ ARQ GROUP LTD 0.34 14.15 40.30M
AQC AUSTRALIAN PACIFIC COAL LTD 0.14 12.3 7.32M
8EC 8IP EMERGING COS LTD 0.08 6 29.33M