Finer Market Points: ASX Top 10 Momentum Stocks: 3 Feb 2025 NASDAQ:AMD TSX:ATH SET:MVP MIL:SOM NYSE:PAR ASX:ESR NASDAQ:OPT ASX:3DP GETTEX:VTX ASX:PUA Momentum leading shares are the market's best performers today. They are the fastest-growing shares on the ASX over the last 90 days. These companies can't get to be leaders without first appearing on our Launch Pad list. The Launch Pad List is shared on Thursdays and the video interview published after market close on Fridays. Today's ASX's Top 10 Quarterly Momentum Stocks are: Arrow Minerals Limited (AMD) Alterity Therapeutics Limited (ATH) Medical Developments International Limited (MVP) SomnoMed Limited (SOM) Paradigm Biopharmaceuticals Limited (PAR) Estrella Resources Limited (ESR) Opthea Limited (OPT) Pointerra Limited (3DP) Vertex Minerals Limited (VTX) Peak Minerals Limited (PUA)
MVP trade ideas
ASX Top 10 Momentum Stocks: 20 July 2023 - Finer Market PointsASX:MGU TSX:MVP ASX:PV1 ASX:AW1 NASDAQ:LNW ASX:LDX ASX:AZS NYSE:IDA ASX:MP1 ASX:LRS
Momentum leading shares are the market's best performers today. They are the fastest-growing shares on the ASX over the last 90 days. These companies can't get to be leaders without first appearing on our Launch Pad list.
Today's ASX's Top 10 Quarterly Momentum Stocks are:
Magnum Mining & Exploration (MGU): Magnum Mining & Exploration is a miner in IUS, Nevada, and West Virginia. They focus on iron ore concentrate and green pig iron production, aiming to serve steelmakers in the West Coast and Ohio River Valley areas.
Medical Developments (MVP): Medical Developments manufactures and distributes pharmaceutical drugs, medical equipment, and veterinary equipment. They sell Penthrox drugs in the Pharmaceuticals segment and medical devices and veterinary products in Australia, Europe, and Asia.
Provaris Energy Ltd (PV1): Provaris Energy Ltd is an oil and gas explorer working in the hydrogen markets, developing green hydrogen projects for export through compressed hydrogen. They have recently worked on hydrogen storage and marine carriers from Norway into Europe, addressing supply chain constraints.
American West Metals Limited (AW1): American West Metals Limited is a copper-focused miner in North America. They have the Storm Copper Project in Nunavut, Canada, and the zinc-copper-indium deposit at West Desert and Copper Warrior Project in Utah, USA.
Light & Wonder Inc. (LNW):
Lumos Diagnostics (LDX): Lumos Diagnostics engages in the development and manufacture of point-of-care (POC) diagnostics solutions to help healthcare professionals more accurately diagnose and manage medical conditions.
Azure Minerals (AZS): Azure Minerals is a mining company that explores and develops mineral deposits, with a focus on precious and base metals.
Indiana Resources (IDA):
Megaport Limited (MP1): Megaport Limited provides elastic interconnection services that enable enterprises to connect to cloud service providers.
Latin Resources Ltd (LRS): Latin Resources Ltd is an Australian-based mineral exploration company with a focus on lithium, copper, gold, and other base metals.
$MVP:ASX - MEDICAL DEVELOPMENTS - Up 170% and 10% PullbackMVP has had a good run over the last 12 months up around 170% and with the recent turbulence has had a 10% pullback. If it climbed back up to around $10.20 or so to reconfirm direction it could be worth a look.
Medical Developments International Ltd. engages in the manufacture and distribution of pharmaceutical drugs, medical, and veterinary equipment. It operates through the following segments: Pharmaceuticals, Medical Equipment, and Veterinary Equipment. The Pharmaceuticals segment involves the selling of Penthrox drugs. The Medical Equipment segment includes the sale of medical devices. The Veterinary Equipment segment relates to the sale of veterinary products within Australia, Europe, and Asia. The company was founded in 1971 and is headquartered in Scoresby, Australia.
$MVP may begin its markup phase$MVP broke out of a short-term bull flag on strong volume today. The pattern has a target near $5.80, which is also where resistance is expected to be found as it was a strong pivotal point during the Distribution phase back in mid-2016.
The move today could also be the start of the Sign of Strength as it moves out of the 9-month long Accumulation trading range but since it's a long-term pattern, it would be more bullish if it has a weekly close above this range (~$5.50).