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ASX Momentum Stocks

8 Nov 2019
By Rivkin Securities
Momentum is the term used to describe the market anomaly that stocks that have been performing well in the past tend to continue to do so in the future.

The below table ranks all stocks within the S&P/ASX 200 index based on their trailing 12-month share price return and shows the top 15 results. ‘Momentum’ is a well-researched market factor and states that stocks that have out-performed their peers over the medium term tend to continue to outperform over the short-term. Thus by keeping an eye on the stocks within this list, we have a watchlist of potential ideas that will do well over the coming weeks.

Stock codeStock nameSectorCurrent priceReturn 12mMom rank
APT
Afterpay Touch Group Ltd
Information Technology
$29.10101.69%
8
APX
Appen Ltd
Information Technology
$21.3484.24%
10
ASB
Austal Ltd
Industrials
$4.53140.66%
3
CCP
Credit Corp Group Ltd
Financials
$31.8566.33%
14
FMG
Fortescue Metals Group Ltd
Materials
$8.85122.72%
6
IEL
IDP Education Ltd
Consumer Discretionary
$17.9785.98%
9
JIN
Jumbo Interactive Ltd
Consumer Discretionary
$21.00155.13%
2
MFG
Magellan Financial Group Ltd
Financials
$48.8382.31%
11
NAN
Nanosonics Ltd
Health Care
$6.83111.95%
7
NEA
nearmap Ltd
Information Technology
$2.5065.66%
15
PME
Pro Medicus Ltd
Health Care
$25.50139.81%
4
PNV
PolyNovo Ltd
Health Care
$2.22283.33%
1
SLR
Silver Lake Resources Ltd
Materials
$1.05123.08%
5
WTC
WiseTech Global Ltd
Information Technology
$27.9075.06%
12
XRO
Xero Ltd
Information Technology
$76.2769.03%
13

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More about this table

The ASX Momentum stocks table is one of a series of informational tables provided for free to give subscribers useful information to inform their trading decisions.  This table is updated weekly and offers clients the most current top momentum stocks.  Investors and traders who are interested in stocks that have a chance of growing in the medium to long term and want ASX stock exposure can review the stocks in this table and select the ones they would like to hold from the list.

For a similar table with US stocks, please search for our US Momentum stocks table and for a ranking based on fundamental criteria you could try our ASX Fundamental stocks table.

Investors who want exposure to ASX stocks and are interested in a trading strategy that utilises the technical criteria used above can subscribe to Rivkin’s ASX Momentum strategy. This has been backtested to produce a profitable trading system that is easy to implement with trading only required once per month. It holds 5 ASX listed stocks that we think will perform well over a reasonable time horizon (approximately three years). Investors interested in such a strategy should look to subscribe to our Strategies product that gives access to our ASX Momentum strategy as well as several other strategies.

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