This is our weekly ASX MoMo (momentum) report. We have analysed the ASX 200 through our stock screeners to give you the top stock recommendations with positive and negative momentum to help you get an edge in your trading. We also look at whether the ASX may be primed for a reversal based on its market internal indicators.
In this report we look at:
- The ASX is in for a tough week as global risk concerns start to weigh on markets, and it’s a good time to pick up some downside protection.
- Our top pick is short Mantra Group (AX:MTR) this week, but we also put shorts on Blackmores (AX:BKL) and Rio Tinto (AX:RIO).
- Our one long is gold miner St Barbara (AX:SBM), which also saw the biggest decrease in weekly short positions.
- A run-down of the market internals for the ASX.
- And the stocks that have seen unusually high volume moving through them, often precipitating major moves.
To read the entire report, please click on the PDF file below: