A Friday surge where the stock more than doubled was enough to put textiles company GLG Corp (ASX:GLE) at the top of this week’s list.

Stockhead’s Hot Money Monday 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 look-out 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, February 26:

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

Code Company Price RSI Market Cap
GLE GLG Corp Ltd 0.3 99 $ 8,892,000
TPC TPC Consolidated Ltd 2.1 93 $ 23,888,787
LAM Laramide Res Ltd 0.59 92 $ 623,201
UUL Ultima Utd Ltd 0.93 89 $ 34,824,327
WWG Wisewaygroup Ltd 0.32 88 $ 45,603,600
VXR Venturex Resources 0.345 86 $ 127,846,547
SLK Sealink Travel Grp 8.53 84 $ 1,878,231,813
GRR Grange Resources. 0.525 82 $ 509,229,027
MLX Metals X Limited 0.24 82 $ 217,743,856
CDD Cardno Limited 0.445 81 $ 174,557,776
QPM Queensland Pacific 0.097 79 $ 93,294,758
TNR Torian Resources Ltd 0.058 78 $ 45,223,936
ZIM Zimplats Holding Ltd 16.83 77 $ 1,638,245,018
PIQ Proteomics Int Lab 1.39 77 $ 138,475,755
AVR Anteris Technologies 6.88 76 $ 47,426,758
DNK Danakali Limited 0.56 76 $ 172,631,707
BDM Burgundy D Mines Ltd 0.29 76 $ 74,776,377
RNU Renascor Res Ltd 0.06 75 $ 103,274,010
C6C Copper Mountain 3.3 75 $ 58,850,927
CCE Carnegie Cln Energy 0.007 74 $ 63,740,433
OIL Optiscan Imaging 0.24 74 $ 152,176,427
CGO CPT Global Limited 0.43 74 $ 16,889,072
A4N Alpha Hpa Ltd 0.52 74 $ 339,264,181
IGL Ivegroup 1.54 73 $ 216,408,708
RCP Redbank Copper Ltd 0.105 73 $ 45,113,265
AQS Aquis Ent Ltd 0.42 71 $ 16,966,609
CWX Carawine Resources 0.325 71 $ 34,844,769
IDA Indiana Resources 0.09 71 $ 25,311,309
PUR Pursuit Minerals 0.064 70 $ 47,812,285
PVL Powerhouse Ven Ltd 0.082 70 $ 5,299,124
EGL Environmental Group 0.064 70 $ 19,111,284
BEE Broo Ltd 0.018 70 $ 17,969,306

 

GLE’s gains came a day after GLE released its half-year results on Thursday, where it reported a net profit of $US1.312m on revenues of $US99.45m and declared a US1c interim dividend.

Mobile telecommunications company TPC Consolidated (ASX:TPC) also ran hot, posting six straight days of gains ahead of the release of its half-year results which came out on Friday.

And topping the resources sector in the Running Hot list this week was Canada-based uranium play Laramide Resources (ASX:LAM), which posted a couple of strong days of gains after coming out of a multi-month trading halt at the start of last week.

Running cold

Here’s a summary of the stocks that were running cold for the two weeks ended Friday, February 26:

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

Code Company Price RSI Market Cap
ICE Icetana Limited 0.1 30 $ 11,809,709
MLD MACA Limited 1.1 30 $ 392,967,473
CXX Cradle Resources Ltd 0.061 29 $ 11,570,589
IRI Integrated Research 2.14 28 $ 377,150,309
KSN Kingston Resources 0.205 28 $ 63,801,438
HUB HUB24 Ltd 20.91 28 $ 1,479,693,014
PF1 Pathfinder Resources 0.23 27 $ 12,431,048
TOU Tlou Energy Ltd 0.048 27 $ 25,209,554
RML Resolution Minerals 0.26 26 $ 7,604,284
CRN Coronado Global Res 1.02 26 $ 1,681,412,864
SEK Seek Limited 25.56 26 $ 9,182,315,242
RAP Resapp Health Ltd 0.054 26 $ 43,212,811
NXL Nuix Limited 6.45 25 $ 2,846,224,002
APX Appen Limited 16.55 25 $ 2,062,746,900
VBC Verbrec Limited 0.17 25 $ 34,004,977
CTE Cryosite Limited 0.19 25 $ 9,371,913
ELO Elmo Software 5.11 22 $ 464,853,471
ORI Orica Limited 12.33 21 $ 6,242,197,271
SSM Service Stream 1.19 17 $ 549,079,550
AT1 Atomo Diagnostics 0.235 16 $ 99,933,133