ASX Top 10 Daily Momentum Stocks 5 May 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?

In every market rally, the best performing shares come from companies that consistently outperform. These leading shares are often 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’.

Monitoring the ASX Top 10 Momentum shares provides valuable insights into the next market leaders and trading opportunities. The daily list is generated by Finer Market Points, a trusted source for market data and insights. When a company consistently appears on this list for multiple consecutive days and weeks, it is a clear sign of being a true market leader.

By keeping an eye on this list, investors can find the strongest trends in the market. This list may report a number of companies from the same sector or industry, indicating a leading theme. Such themes can range from Lithium and Uranium stocks 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. The companies listed below are the Top 10 ASX listed companies that have shown the strongest momentum over the last quarter, and may be the next market leaders.

CompanyCode
Impedimed LimitedIPD
Western MinesWMG
Wa1ResourcesltdWA1
Arovella TherapeuticALA
Electro Optic Sys.EOS
Future BatteryFBM
Resolute MiningRSG
Tesoro Gold LtdTSO
Lindian ResourcesLIN
Rox ResourcesRXL
Top 10 Momentum Stocks

By keeping an eye on these companies, investors can potentially identify the next big winners in the market. It is important to note that past performance is not a guarantee of future success, but strong momentum is often a good indicator of a company’s potential.

Each week we discuss the ASX’s Top 30 Momentum and Top 30 Launch Pad shares here on Finer Market Points:

Finer Market Points publishes ASX market data to connect leading market themes and top performing companies for better trading.

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