ASX Top 10 Daily Momentum Stocks 12 April 2023

Strongest Quarterly Momentum ASX Stocks

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Christopher Hall
Christopher Hall
Stockbroking, investment manager and adviser since 2005. No advice provided on Bizfeed.

Which companies are the strongest on the ASX right now?

Here are the Top 10 Momentum shares on the ASX that are rallying the most over the last quarter.

In every market rally the best performing shares come from the companies that consistently outperform. These leading shares start as the first stocks to rally and then continue to rise faster than the rest of the market. This continued strength of a company’s share price is known as ‘momentum’.

Medibank Private LtdMPL
Besragold incorparatedBEZ
Origin EnergyORG
Mindax LimitedMDX
Prospech LimitedPRS
4Dmedical Limited4DX
Arovella TherapeuticALA
Structural Monitor.SMN
Rox ResourcesRXL
Top 10 Momentum Stocks

Monitoring the ASX Top 10 Momentum shares keeps scanning the market for the next market leaders and trading opportunities. When there is a true market leader, that company will show in this leading list for multiple consecutive days and weeks.

To find the strongest trends in the market, this list will have consecutive days that report a number of companies from the same sector or industry. That is when there is a leading theme which can often happy with Lithium shares, Uranium stocks through to Construction Companies.

As with every market cycle, there is always a leading and dominant theme that produces the most lucrative trading opportunities. All leading themes start with strong momentum companies, maybe there’s the next market leader in today’s ASX Top 10 Momentum Shares listed above.

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