Each Monday, Stockhead recaps which stocks are most heavily in demand by investors — running hot.

The analysis is based on 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 a more detailed rundown of what the RSI does and how it’s used. While there’s usually a pretty good reason if a given stock is running hot (or cold), investors are also on the lookout for opportunities where the price-action has separated from fundamentals.

Here’s this week’s list:

 

Running Hot

It’s been over three weeks since National Veterinary Care (ASX:NVL) got a takeover offer but it’s been running hot ever since. It is the second veterinary stock to be snapped up in as many years – following Greencross.

Although the only major news out of The Reject Shop (ASX:TRS) in recent days has been a substantial shareholder buying, there have been signs in recent months that the financial position of the discount retailer is turning around.

While everyone was on holidays Challenger Exploration (ASX:CEL) reported some good gold results from its project in Ecuador and last week increased its landholding by 830 per cent. It also helps that gold has continued to rally in recent days in light of the US-Iran situation.

Aerial mapping firm Aerometrex (ASX:AMX) was one of last year’s best IPOs and it continues to run hot in the new year.

Code Name Price 2 Week RSI Market Cap
ADA ADACEL TECHNOLOGIES LTD 0.74 90 56.42M
NVL NATIONAL VETERINARY CARE LTD 3.65 89.71 245.07M
BRI BIG RIVER INDUSTRIES LTD 1.47 88.56 91.83M
MNS MAGNIS ENERGY TECHNOLOGIES L 0.14 81 87.23M
ADD ADAVALE RESOURCES LTD 0.03 78.97 5.41M
SND SAUNDERS INTERNATIONAL LTD 0.36 77.3 37.70M
AMX AEROMETREX LTD 1.9 75.92 179.36M
BFG BELL FINANCIAL GROUP LTD 1.31 75.45 420.17M
HIT HITECH GROUP AUSTRALIA LTD 1.34 75.44 50.99M
IGL IVE GROUP LTD 2.5 75.36 370.52M
LKE LAKE RESOURCES NL 0.05 75.08 27.01M
PSC PROSPECT RESOURCES LTD 0.23 74.96 55.37M
RAC RACE ONCOLOGY LTD 0.23 74.86 25.10M
HAV HAVILAH RESOURCES LTD 0.13 74.47 33.15M
BID BIDENERGY LTD 1.04 74.13 132.90M
ABV ADVANCED BRAKING TECHNOLOGY 0.04 74.06 14.79M
SAVE PINNACLE ASHARES GB DYN INC 10.73 73.95 5.85M
AXI AXIOM PROPERTIES LTD 0.05 73.94 22.07M
MCX MARINER CORP LTD 0.06 73.39 3.12M
AU8 AUMAKE INTERNATIONAL LTD 0.14 73.36 44.88M
CEL CHALLENGER EXPLORATION LTD 0.12 73.16 54.07M
ED1 EVANS DIXON LTD 1.05 72.81 245.85M
TRS REJECT SHOP LTD/THE 3.9 71.65 112.74M
CUE CUE ENERGY RESOURCES LTD 0.14 71.53 101.23M
TMR TEMPUS RESOURCES LTD 0.25 71.34 10.41M
XST XSTATE RESOURCES LTD 0.004 71.18 5.70M
WWI WEST WITS MINING LTD 0.01 71.04 12.19M
88E 88 ENERGY LTD 0.02 70.9 164.92M
BRN BRAINCHIP HOLDINGS LTD 0.05 70.89 73.56M
WZR WISR LTD 0.21 70.88 173.57M
EGD EVANS & PARTNERS GLOBAL DISR 2.36 70.68 301.68M
TSC TWENTY SEVEN CO LTD 0.01 70.48 12.19M
APD APN PROPERTY GROUP LTD 0.64 70.29 203.53M
SPX SPECTRUM METALS LTD 0.09 70.25 121.93M
MYS MYSTATE LTD 5.17 70.1 472.93M

 

Running Cold

The only ASX stock substantially involved with fire-decimated Kangaroo Island, Kangaroo Island Plantation Timbers (ASX:KPT) was running cold. That is, until it entered voluntary suspension until the end of the month while it assesses the damage.

Metminco (ASX:MNC) also ran cold as it announced the sale of a legacy project in Chile was delayed.

Code Name Price 2 Week RSI Market Cap
CPT CIPHERPOINT LTD 0.08 29.66 2.95M
WND WINDLAB LTD 0.65 29.63 44.34M
KPT KANGAROO ISLAND PLANTATION LTD 1.96 29.09 110.59M
CIO CONNECTED IO LTD 0.003 28.89 7.22M
TGH TERRAGEN HOLDINGS LTD 0.17 28.86 32.69M
AMO AMBERTECH LTD 0.08 28.18 6.35M
HT8 HARRIS TECHNOLOGY GROUP LTD 0.01 27.98 1.71M
PNC PIONEER CREDIT LTD 1.8 27.8 114.12M
ADY ADMIRALTY RESOURCES NL 0.01 27.75 6.95M
GSM GOLDEN STATE MINING LTD 0.05 27.51 1.90M
ARC AUSTRALIAN RURAL CAPITAL LTD 0.28 27.25 3.56M
DME DOME GOLD MINES LTD 0.16 25.86 46.37M
8EC 8IP EMERGING COS LTD 0.07 25.16 2.99M
OKR OKAPI RESOURCES LTD 0.1 24.81 3.57M
8VI 8VIC HOLDINGS LTD 0.19 24.64 7.91M
LHB LIONHUB GROUP LTD 0.003 24.08 2.48M
PXX POLARX LTD 0.04 24.08 16.65M
MXR MAXIMUS RESOURCES LTD 0.05 23.92 1.57M
BYI BEYOND INTERNATIONAL LTD 0.8 22.07 49.07M
TIA TIAN AN AUSTRALIA LTD 0.36 22.07 31.18M
MNC METMINCO LTD 0.06 21.76 9.74M
SRI SIPA RESOURCES LTD 0.07 21.57 9.96M
UUL ULTIMA UNITED LTD 0.02 19.69 469.21k
BIR BIR FINANCIAL LTD 0.08 18.72 6.50M
TNP TRIPLE ENERGY LTD 0.01 17.71 575.97k
SST STEAMSHIPS TRADING COMPANY 12.5 17.32 387.60M
REY REY RESOURCES LTD 0.22 13.88 45.62M