Each Monday, Stockhead recaps the stocks that are running hot with investors.

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.

Running Hot

Here’s a summary of the stocks that were running hot for the two weeks ended Friday, October 23:

Scroll or swipe to reveal table. Click headings to sort.

Code Company Price RSI MktCap$
AMO Ambertech Limited 0.29 96 $ 9,174,599
ABB Aussie Broadband 2.03 96 $ 380,680,052
8VI 8Vi Holdings Limited 2.00 93 $ 88,754,890
LCY Legacy Iron Ore 0.009 92 $ 49,977,908
8IH 8I Holdings Ltd 0.295 90 $ 95,866,159
NVA Nova Minerals Ltd 0.195 88 $ 293,819,275
WBT Weebit Nano Ltd 1.71 85 $ 139,796,990
EM1 Emerge Gaming Ltd 0.13 83 $ 70,546,903
WWI West Wits Mining Ltd 0.065 83 $ 75,844,272
SDG Sunland Group Ltd 2.09 83 $ 263,550,816
CWL Consol Financial Hld 0.037 83 $ 4,692,629
ODA Orcoda Limited 0.16 82 $ 18,566,165
AVE Avecho Biotech Ltd 0.016 81 $ 14,377,117
REZ Resourc & En Grp Ltd 0.088 79 $ 34,115,908
ESR Estrella Res Ltd 0.17 79 $ 114,223,431
SCT Scout Security Ltd 0.135 79 $ 13,318,483
LSR Lodestar Minerals 0.018 79 $ 14,497,634
NSX NSX Limited 0.155 78 $ 42,455,478
THR Thor Mining PLC 0.023 77 $ 8,701,699
NTI Neurotech Intl 0.026 77 $ 10,102,684
POD Podium Minerals 0.11 77 $ 25,862,455
AOU Auroch Minerals Ltd 0.165 76 $ 35,843,478
BLG Bluglass Limited 0.115 76 $ 75,566,052
GEV Global Ene Ven Ltd 0.099 74 $ 36,762,931

 

Ambertech Limited (ASX:AMO), which makes equipment used in production support for the film/tv broadcast and audio industries, shot to the top of this week’s list after a big surge on Friday.

The +100pc gain followed a profit guidance update, where the company forecast revenues in the range between $34-$38m for the six months ended December 31.

Reflecting the current strength of the IPO market, recent ASX debutante Aussie Broadband (ASX:ABB) also made an appearance at the pointy end of the Running Hot list after ripping higher when it hit the ASX boards on October 16.

And for the first time in Hot Money Monday history, ASX competitor the NSX (ASX:NSX) chalked up a two-week RSI above 70 following its big jump on Wednesday after the release of quarterly cash flow data.

Running Cold

Here’s a summary of the stocks that were running hold for the two weeks ended Friday, October 23:

Scroll or swipe to reveal table. Click headings to sort.

Code Company Price RSI MktCap$
CMD Cassius Mining Ltd 0.01 28 $ 2,872,464
ATH Alterity Therap Ltd 0.038 29 $ 42,315,157
PCH Property Connect 0.0015 29 $ 1,028,795
EOF Ecofibre Limited 1.77 22 $ 262,482,568
BKY Berkeley Energia Ltd 0.405 27 $ 107,321,249
ILU Iluka Resources 5.22 14 $ 4,185,419,842
SKN Skin Elements Ltd 0.025 2 $ 7,818,423
PBX Pacific Bauxite Ltd 0.003 27 $ 1,189,842
MCX Mariner Corp Ltd 0.03 9 $ 1,441,597
T3D 333D Limited 0.001 28 $ 1,065,996
BKY Berkeley Energia Ltd 0.405 26 $ 107,321,249
NZS New Zealand Coastal 0.031 29 $ 17,861,277
PXX Polarx Limited 0.03 24 $ 16,245,622
IQ3 Iq3Corp Limited 0.2 15 $ 20,785,000
TPC TPC Consolidated Ltd 1.09 19 $ 12,246,818