This is our weekly ASX MoMo (momentum) report. We have analyzed 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:
• Our top stock pick this week is Incitec Pivot (AX:IPL), which has rallied sharply in the wake of its earnings report last week.
• Our high volume screens are indicating that APN News & Media (AX:APN) and Credit Corp Group (AX:CCP) could be set to head higher this week as well.
• The stocks that have seen the biggest increase in short positions over the past week.
• 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.