Momentum measures the rate of change in closing prices and is used to detect trend weakness and likely reversal points. It is often underrated because of its simplicity. High Momentum readings (positive or negative) occur when a trend is at its strongest. Lower readings are found at the start and end of trends. Overbought and oversold levels are set separately for each security based on the performance of the indicator over past cycles.
Calculation: Momentum Oscillator (MOM):
1) Closing Price [today] - Closing Price [n days ago];
PROFILE: Super Cheap Auto (SUL.AX)
Stock Exchange: ASXAbout Super Cheap Auto (ASX:SUL):
Company: Super Cheap Auto
Ticker Codes: | SUL.AX | ASX:SUL |
Super Retail Group Limited operates as a retailer of auto, leisure, and sports products in Australia, New Zealand, and China. The company offers automotive parts and accessories, handyman items, and tools and equipment to marine and motorbike products, including batteries, car care products, exterior and interior accessories, hand and power tools, in-car navigation systems and stereo equipment, lighting and electrical products, outdoor equipment and accessories, seat covers, spare parts, paints and panels, and performance products, as well as oils, filters, and additives. It also provides footwear, apparel, games and leisure products, gym equipment, and fan merchandise; and boating, camping, and fishing products, such as lures, various rods and reels, tackle boxes, fishing nets, tents, ropes, pegs, cooking equipment, and clothing and hiking gears, as well as boating accessories. In addition, the company offers cycling bikes and accessories; outdoor entertainment and camping leisure products comprising camping gears, tents, outdoor furniture, BBQs, kayaks, and footwear and work wear; and sports equipment and associated accessories. Further, it provides fitness equipment consisting of treadmills, home gyms, exercise bikes, fitness accessories, elliptical cross trainers, free weights, boxing equipment, nutritional supplements, and rowers, as well as home fitness studios for use in home, corporate, and commercial markets. The company sells its products under the Amart Sports, Avanti Fitness, Rebel Sport, BCF, Goldcross Cycles, Ray's Outdoors, Supercheap Auto, and Workout World brands. It operates 632 stores. The company was formerly known as Super Cheap Auto Group Limited and changed its name to Super Retail Group Limited in 2010. Super Retail Group Limited was founded in 1972 and is based in Lawnton, Australia.