With gold having soared through the $2,000 a troy ounce level recently it is perhaps unsurprising that mining companies continue to show well in our momentum screen with three of the four FTSE All Share companies passing all eight tests coming from the sector.
- The FTSE All Share screen saw four companies pass all eight tests and three of those were miners in the form of Fresnillo (FRES), Petropavlovsk (POG) and Polymetal (POLY) with publisher Future (FUTR) the perhaps more surprising member of the top four. Meanwhile, among those companies passing all but one of the tests, Egyptian gold miner Centamin (CEY) is another mining representative.
- Lower down the market only one company was identified among the FTSE Small Cap in the form of LED lighting specialist Luceco. On Aim only one company passed all eight tests, telecoms specialist Gamma Communications (GAMA) while retailers were represented among those companies who failed one test in the form of ASOS (ASC) and Gear4Music (G4M).
