KUALA LUMPUR (AUG 13): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon market close today. Two showed positive while four showed negative momentum.
Stock with positive momentum were:
BCM Alliance Bhd – up 0.5 sen to 21 sen
K-One Technology Bhd – unchanged at 22.5 sen
Stock with negative momentum were:
Cheetah Holdings Bhd – up 6.5 sen to 49.5 sen
Elk-Desa Resources Bhd – down two sen to RM1.18
Foundpac Group Bhd – up 0.5 sen to 41.5 sen
London Biscuits Bhd – down two sen to 58.5 sen
The list of stocks with momentum is generated using a proprietary mathematical algorithm highlighting stocks with a build-up in trading volume and price. The algorithm differentiates between stocks that exhibit positive (+ve) momentum and negative (-ve) momentum.
This list is not a buy or sell recommendation. It merely tells you which stocks are seeing higher than normal volume and price movements.
The share price may move up or down from this point. But the “+ve” (suggesting a rising price trend on volume) and “-ve” (suggesting a falling price trend on volume) indicators should give readers a better idea of what the market is buying and when to sell. Note also that momentum generally only persists for a short period of time.